Canadian Stocks/stock
Expert: Steven Taylor - 5/12/2009
QuestionI CAME ACROSS THE FOLLOWING STOCK CERTIFICATE FOR WESTERN COPPER HOLDINGS LIMITED 63 SHARES#CUSIP 95805J 10 5,RADIANT RESOURCES INC. POSTAL CODE V6C 2W2, and PACIFIC SAPPHIRE COMPANY LTD C 2W2POSTAL CODE V6 IN MY FATHERS AND M OTHERS NAME LESTER B OTTAWAY AND ESTHER OTTAWAY ARE ANY OF THESE STOCKS ANY GOOD. MY FATHER IS DECEASED. THANK YOU
AnswerRose, from the information I have available, this is what I found:
Pacific Sapphire and Radiant are one and the same company - in 2003, Pacific Sapphire did a 1 for 4 reverse stock split and changed its name to Radiant. Radiant later merged with Tiomin Resources on the basis of 1 Tiomin share for each share of Radiant. Tiomin currently trades on the TSX Exchange for about 3 cents per share.
Western Copper Holdings changed its name to Western Silver before being acquired by Glamis Gold. Shareholders of Western received 0.688 of a share of Glamis PLUS 1 share of a new Western Copper Corp for each share of Western Silver held. Glamis later merged with Goldcorp on the basis of 1.69 shares of Goldcorp for each share of Glamis held. The new Western Copper Corp trades for about 55 cents per share, while Goldcorp trades on the NYSE for about $34.00 per share. Goldcorp also pays dividends.
What you need to do is contact the Transfer Agent for each surviving company. They will likely first ask you for copies of the certificates to confirm if they are currently valid. If they determine they are, they will then be able to take you through the process to get them reorganized in the name of the estate and/or heirs. Tiomin's agent is Computershare (www.computershare.com# and Goldcorp is CIBC Mellon #www.cibcmellon.com)