Canadian-resident shareholders of ASX-listed CGA are offered s. 85(1) rollover treatment on merger under Australian Scheme of Arrangement with B2Gold

Canadian-resident shareholders of CGA, an Australian public mining company, are being offered s. 85 rollover treatment on the acquisition of all the shares of CGA by TSX-listed B2Gold under an Australian "Scheme of Arrangement." (No s. 85.1 rollover is available for dispositions of shares of non-resident companies.)  CGA Australian shareholders who don’t want to open up an international brokerage account for B2Gold shares are allowed to elect to instead receive the net proceeds on a subsequent sale of "their" B2Gold shares by a nominee (Haywood Securities), if they otherwise would have received 1000 or fewer B2Gold shares.

Neal Armstrong.  Summary of CGA Mining Limited Scheme Booklet under Cross-Border Acquisitions - Outbound.