Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 96

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 10
Chunk 96
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) is subject to the primary supervision of a court within the USA and the control of one or more U. S. persons for all substantial decisions or (2) has a valid election in effect...  

Table of Contents

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 applicable to U. S. Holders that are subject to special provisions under the Code, including U. S. Holders that: (a) are tax-exempt organizations, qualified retirement plans, individual retirement accounts, or other tax-deferred accounts; (b) are financial institutions, underwriters, insurance companies, real estate investment trusts, or regulated investment companies; (c) are brokers or dealers in securities or currencies or are traders in securities that elect to apply a mark-to-market accounting method; (d) have a “functional currency” other than the U. S. dollar; (e) own Common Shares as part of a straddle, hedging transaction, conversion transaction, constructive sale, or other integrated transaction; (f) acquired Common Shares in connection with the exercise of employee stock options or otherwise as compensation for services; (g) hold 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 subject to the alternative minimum tax; (i) are partnerships and other pass-through entities (and investors in such partnerships and entities); (j) are S corporations (and shareholders therein); (k) are subject to special tax accounting rules; (l) own, have owned or will own (directly, indirectly, or by attribution) 10% or more of the total combined voting power or value of our outstanding shares; (m) are U. S. expatriates or former long-term residents of the USA; or (n) hold Common Shares in connection with a trade or business, permanent establishment, or fixed base outside the USA. U. S. Holders that are subject to special provisions under the Code, including U. S. Holders described immediately above, should consult their own tax advisors regarding the U. S. federal, state, local, and non-U. S. tax consequences relating to the acquisition, ownership and disposition of Common Shares.

If an entity or arrangement that is classified as a partnership (or other pass-through entity) for U. S. federal income tax purposes holds Common