Canadian Stocks/old stocks
Expert: Steven Taylor - 10/16/2010
QuestionMy dad is deceased and we found alot of stock certificates and really do not know what to do with them.
Lunel Enterprises Inc.
Kayak Explorations
Huddersfield uranium mine
Frankfield Explorations Ltd
Thunderbolt Gas & Oil
Jamestown ExplorationsInc.
AnswerMarlene, from the information I have available:
Lunel has gone through numerous name changes and capital changes, and may now be Genterra Capital. You will need to contact the current transfer agent, Computershare (www.computershare.com) regarding if this information is accurate and, if so, how many shares the Lunel represents now due to the reverse stock splits and mergers.
Both Kayak and Huddersfield became Lunel, so refer to the above.
Frankfield did a 1 for 3 reverse and became Lagasco, which just became El Condor Minerals. El Condor trades for about 7 cents per share. The transfer agent is also Computershare.
Thunderbolt did a 1 for 13 reverse split, then a further 1 for 3 reverse, and became Western D'Eldona. That was acquired by Paramount Resources on the basis of 0.444 of share for Paramount for each old share. Paramount is now Trilogy Energy Trust, and shareholders also received 1 share of a new Paramount stock. The transfer agent there is also Computershare.
Jamestown did a 1 for 4 reverse split and become Jamestown Resources. The stock didn't seem to last long, as it was slapped with cease-trade orders from both Ontario and Quebec in 1983. Since those orders remain in effect today, and I have no evidence that the stock corrected its problems and resumed trading, it appears the shares have no current value.