Expert: Steven Taylor - 1/18/2010

Question
Hi,
We inherited an old cert. of stock for Revere Mining Corp Ltd. of Toronto Ontario.  We even have the purchase receipt from Old Colony Securities Ltd. issued in 1960.  Do you know if these shares are worth anything?  Thank you.

Answer
Unfortunately, from the information I have available, the shares have no value. The company had its charter cancelled in 1976, which is what happens when a company fails to file its required financial and regulatory information (and pay its fees and taxes) for several years in a row, usually because the company is already out of business.