Expert: Steven Taylor - 5/6/2009

Question
I hold two shares certificates dated jun 23 1958 with Quebec Chibougamau Goldfiels Limited  for $200 and feb 6 1956 with Quebec Smelting & Refining Limited FOR $100.
Could these have any value today ?
I would have joined a copy but I don't think it's possible

Answer
From the information I have available, this is what I found:

Quebec Chibougamau did a 1 for 5 reverse split and became Allied Mining. Allied later became United Asbestos, which then merged into Campbell Resources for 3/10 of 1 common share of Campbell and 1 preferred share of Campbell for every share of United. Campbell later did a 1 for 10 reverse stock split, then reorganized under bankruptcy in 2005, and then went bankrupt again in 2009. Campbell currently trades on the NEX Board of the TSX Venture Exchange for 1/2 of a penny. You can contact Campbell's transfer agent at www.computershare.com.

Quebec Smelting did a 1 for 5 reverse stock split and became Consolidated Quebec Smelting. They went through a couple more name changes before being acquired by a private company in 1990. The terms were 1 preferred share for every common share. The preferred shares were later redeemable for $0.75 per share cash. I am not certain what the terms on the preferred were - it is possible the redemption period expired, and no cash was paid for your particular Quebec shares. Or, they were taken up and the cash was turned over to the government for safekeeping. In that case, you need to search each State or Province in which you (or whoever bought the original Quebec Smelting shares lived from the time of the original purchase to the time of the acquisition in 1990. You can do most States #and some Provinces) for free online at http://www.unclaimed.org/