Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 70

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 10
Chunk 70
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 U. S. Holder. This summary does not address the U. S. federal income tax consequences to non-U. S. Holders arising from and relating to the acquisition, ownership, and disposition of common shares. Accordingly, a non-U. S. Holder should consult its own tax adviser regarding the U. S. federal, U. S. federal alternative minimum, U. S. federal estate and gift, U. S. state and local, and foreign tax consequences (including the potential application of and operation of any income tax treaties) relating to the acquisition, ownership, and disposition of common shares.

U. S. Holders Subject to Special U. S. Federal Income Tax Rules Not Addressed

This summary does not address the U. S. federal income tax considerations of the acquisition, ownership or disposition of our common shares by U. S. Holders that are subject to special provisions under the Code, including, but not limited to, the following: (a) tax-exempt organizations, qualified retirement plans, individual retirement accounts, or other tax-deferred accounts; (b) financial institutions, underwriters, insurance companies, real estate investment trusts, or regulated investment companies; (c) broker-dealers, dealers, or traders in securities or currencies that elect to apply a “mark-to-market” accounting method; (d) U. S. Holders that have a “functional currency” other than the U. S. dollar; (e) U. S. Holders that own our common shares as part of a straddle, hedging transaction, conversion transaction, constructive sale, or other arrangement involving more than one position; (f) U. S. Holders that acquire our common shares in connection with the exercise of employee stock options or otherwise as compensation for services; (g) U. S. Holders that hold our common shares other than as a capital asset within the meaning of Section 1221 of the Code (generally, property held for investment purposes); (h) are required to accelerate the recognition of any item of gross income with respect to Common Shares as a result of such income being recognized on an applicable financial statement; and (i) U. S. Holders that own directly, indirectly, or by attribution, 10% or more, by voting power, of the outstanding stock of the Company. This summary also does not address the U. S. federal income tax considerations applicable to U. S. Holders who are: (a) U. S. exp