Palladon Ventures Ltd.: Important Tax Notice for U.S. Shareholders
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In order to provide affected shareholders with additional information, Palladon has posted on its website at www.palladonventures.com an important tax notice to U.S. Shareholders, entitled: Tax Issues for U.S. Shareholders_April 2013 (the "Notice"). The Notice is provided for shareholders who are United States persons for purposes of the Internal Revenue Code ("U.S. Shareholders") and is not relevant to other shareholders.
U.S. Shareholders are urged to review the Notice and to consult their own tax advisor regarding the U.S. tax consequences of the PFIC rules to their investment in Palladon.
About Palladon Ventures Ltd.
Palladon owns a significant minority interest in CML Holdings, Inc., which is focused on advancing the Iron Mountain project, an iron ore mine and concentrate processing plant located west of Cedar City, Utah.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Palladon Ventures Ltd.
John W. Cutler, Chief Executive Officer
801.521.5252
604.681.4760 (FAX)
info@palladonventures.com
www.palladonventures.com