Canadian Stocks/Re: Old Canadian Stocks
Expert: Steven Taylor - 6/23/2009
QuestionSteven,
I have Latin American Mines Limited w/Guaranty Trust Co. of Canada as T.A., O'Leary-Malartic Mines, Ltd. T.A. Guaranty Trust Co. of Canada, and then Quonto Explorations Limited T.A. Chartered Trust Co., Toronto. Do you have an opinion on any of these or what to do? thanks in advance.
AnswerUnfortunately, from the information I have available, it appears none of those have any value.
Latin American had its charter cancelled in 1972.
O'Leary did a 1 for 4 reverse split and became O'Leary Resources Inc. O'Leary stopped trading some time ago, and in 2008 I see a notice to dissolve the company. I doubt there was any value for common shareholders.
Quonto was dissolved in 1972. I don't believe there was any value for shareholders there, either.