Expert: Steven Taylor - 11/28/2009

Question
Mr. Taylor, we recently found stock certificates held by our parents for York Oils Limited, incorporated in British Columbia and Raglan Nickel Mines Limited, incorporated in Ontario. Raglan is signed by Murray watts. Any value here? Thanks  

Answer
Charles, from the information I have available, there might be value on those certificates, assuming they were never redeemed and are still valid.

York Oils did a 1 for 10 reverse and became New York Oils. That company was acquired by Sceptre Resources on the basis of 0.053548 of a Sceptre share for every New York share. Sceptre was later acquired by Canadian Natural Resources on the basis of 0.38 of a Canadian Natural share for every 1 Sceptre. Canadian Natural trades on the NYSE for about $67 a share. You need to contact Canadian Natural's transfer agent, Computershare (www.computershare.com# and they can determine if the original certificate is valid.

Raglan Nickel did a 1 for 2 reverse and became New Quebec Raglan Mines. That was acquired by Falconbridge on the basis of 1 Falconbridge for every 5.5 New Quebec shares. Falconbridge later reorganized and shareholders received 1.77 new share for every 1 old share. They later changed names to Xstrata Canada. You need to contact the transfer agent, CIBC Mellon #www.cibcmellon.com) to determine if the original certificate is valid.