Expert: Steven Taylor - 11/22/2009

Question
I have been given shares that were purchased in 1986 in a company called Pacific Concord and would like to know if they are worth anything and how to claim if they do.
It was born out of a merging interests of C.T.S. Mining Comany Limited and Legal and General Assurance Society Limited. Their major interests were 515 Scarboro Concord International Ltd; 53% Terramar Resource Limited, and 60% Concord Research Corporation(Phoenix) anf Pacific Concord Research Ltd(  

Answer
Tony, there are several companies from that era named Pacific Concord, but I am guessing it was Pacific Concord Holding? If so, from the information I have available, there might be some value to the shares, depending on how many you had if and they were still valid.

Pacific Concord Holding changed its name to Pacific Stratus Ventures, which later did a 1 for 10 reverse split and became Pacific Stratus Energy. Pacific Stratus was acquired by Petro Rubiales on the basis of 9.5 Petro shares for each Pacific Stratus share. Petro then did a 1 for 6 reverse split, and became Pacific Rubiales Energy, which currently trades on the TSX for about $14.83 per share.

You need to contact Pacific's transfer agent, Equity Transfer (www.equitytransfer.com) as they can determine if your original shares are valid and, if so, can reorganize them into the new shares.