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Canadian Stocks/Mayo Mines

Expert: Steven Taylor - 6/27/2009

Question

I have found a photocopy of a stock certificate . All I have is a photo copy . Is it worth anything and if so how do I proceed .

Answer
Donald, Mayo Mines went through at least 1 reverse split (a 1 for 3) that I know of, but I believe there was a second one as well when it became Consolidated Maybrun. Consolidated Maybrun is a company I am asked about often, which suggests there are a lot of old certificates floating around out there. Consolidated dropped off the map in the 1980's, but there is a Consolidated Maybrun which owned mineral properties in Ontario as recently as 2005 - it is very possibly the same company, although the stock is not traded anywhere currently. If you search "Consolidated Maybrun" on the web you will come up with an old address and phone number. You might drop them a line and see if they are the same company and what the history is. If they are still alive, they should have a Transfer Agent. The Agent will know if the person named on the photocopied certificate is still a registered holder of share and, if so, what value there might be.