"I wouldn't think that there would be any tax implications, mergers generally are structured so as to avoid adverse effects and I'm confident this one will be, too."

I would agree. But I'm wondering about page 6 of the presentation, where it says:

- 0.0500 Golden Minerals shares plus C$0.000394 for each ECU share
- To be implemented via a plan of arrangement
- Taxable transaction

Not sure what they mean by "taxable transaction"... Hopefully only the cash portion would trigger a tax event.