PFIC Annual Information Statement
Andina Minerals Inc.
PFIC Annual Information Statement For Shareholder
This statement is provided for shareholders who are United States persons for preparation of US IRS Form 8621.
| PFIC Name: | Andina Minerals Inc. (the "Company") |
| PFIC Address: | 56 Temperance Street, Suite 300 Toronto, ON M5H 3V5 Canada |
| Tax Year: | January 1, 2011 - December 31, 2011 (the "taxable year") |
To Our U.S. Shareholders:
In order to assist you in preparation of Form 8621, we provide the following information:
- This statement applies to the taxable year of Andina Minerals Inc. that began on January 1, 2011 and ended on December 31, 2011.
- Your pro-rata share of the ordinary earnings and net capital gain of the Company for the taxable year is as follows:
- Ordinary earnings: None
- Net Capital Gain: None
- The amount of cash and fair market value of other property distributed or deemed distributed with respect to each ordinary share of the Company is as follows:
- Cash: None
- Fair Market Value of Property: None
- The Company will permit the shareholders to inspect and copy its permanent books of account, records, and such other documents as may be maintained by the Company that are necessary to establish that its ordinary earnings and net capital gain are computed in accordance with US income tax principles and to verify these amounts and the shareholder's pro-rata share.
| Andina Minerals Inc. | |
| By: /s/ Derrick Weyrauch Title: Chief Financial Officer Date: February 16, 2012 |
THIS INFORMATION IS PROVIDED IN ORDER TO ASSIST THOSE SHAREHOLDERS WHO HAVE MADE A QEF ELECTION WITH RESPECT TO ANDINA MINERALS INC. IN MAKING CERTAIN PFIC CALCULATIONS AND DOES NOT CONSTITUTE TAX ADVICE. THOSE SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN TAX ADVISORS CONCERNING THE OVERALL TAX CONSEQUENCES OF THE OWNERSHIP OF SHARES ARISING IN THEIR OWN PARTICULAR SITUATIONS UNDER UNITED STATES FEDERAL, STATE, LOCAL AND FOREIGN LAW.
