Canadian Stocks/old stocks
Expert: Steven Taylor - 11/25/2009
QuestionI have several old stocks wondering if they are of any value. One from Rockzone Mines Limited and One from Kelly-Desmond Mining Corporation Limited
AnswerFrom the information I have available, it appears neither company has any current value.
Rockzone was dissolved in 1977, and there was no value for common shareholders.
Kelly-Desmond did a 1 for 10 reverse split and became Premium Letney. Premium was cease-traded in 1989 for failure to file its required financial and regulatory information, and since those orders remain in effect, there is no current market for the shares.