Expert: Steven Taylor - 5/5/2009

Question
I just found 40 shares of Kerr-Addison Gold Mines Limited in my father's old stuff. He passed away over 10 years ago. Date on the share certificate Oct 4, 1962. My sister and I are Executors and will sign as necessary if they have value.
Transfer Agent and Registrar "Chartered Trust Company, Toronto, Canada
What do I do?
Thanks & Cheers

Answer
Steve, assuming the certificate is valid and was not cancelled, transferred, declared lost, or otherwise, there might be value in the certificate, if my information is correct.

In 1963, Kerr Addison became Kerr-Addison Mines on a 1 share for 1 share basis. In 1996, Kerr Addison was acquired by Noranda on the basis of, again, 1 for 1. Noranda was acquired by Falconbridge on the basis of 1 for 1. Falconbridge was acquired by Xstrata in 2006 for $62.50 per share.

You should contact the Transfer Agent for the Falconbridge/Xstrata merger, which was CIBC Mellon, which you can find on the web at www.cibcmellon.com. They will know if your father was listed as a Falconbridge shareholder and, if so, where the money is. It is entirely possible they turned the funds over to the government for safekeeping - if so, they should be able to tell you where they sent it and how you can claim it.