Canadian Stocks/old stock certificates
Expert: Steven Taylor - 9/27/2009
QuestionI found some old stock certificates from my great uncles estate.I am hoping you could tell me if they have any value or not.
1000 shares Canfic Silver Mines Ltd. Countersigned: Canada Trust Company
1000 Shares Bonanza Explorations Ltd. Countersigned: Guardian Estates %26 Agencies
1000 Shares "Production Finance Ltd."
200 shares Sand River Gold Mining Company Ltd. Countersigned:The Trust and Guarantee Company
125 shares New Ribago Mines Ltd. Countersigned: Prudential Trust Company Ltd.
Thank you
AnswerFrom the information I have available, this is what I found:
Canfic went through numerous name changes and reverse splits before becoming Consolidated Bahn Foods, which was suspended and delisted in 2001. I don't believe the stock ever returned to trading.
Bonanza eventually became Freedom Marine, which was dissolved in 1992. I don't believe there was any value for shareholders.
I have no information on Production Finance.
Sand River went through a name change before having its charter cancelled in 1976.
New Ribago split into two companies - Consolidated Ribago on the basis of 1 new share for every 40 New Ribago shares. Consolidated had its charter cancelled in 1976. The other was Continental Copper Mines on the basis of 1 Continental for every 10 New Ribago. Continental later did a 1 for 3 reverse and is currently C2C Gold, which trades for about 4 cents per share on the TSX Venture.
For the Production Finance, I suggest you should contact a broker and see if they have any additional information.