Expert: Steven Taylor - 11/14/2010

Question
I have 1000 shares of fairfax bay resources purchased in 1985. Transfer agent was victoria and gray
any value?
thanks in advance for your time
john

Answer
John, from the information I have available:

Fairfax changed names several times and had several reverse stock splits (a 1 for 3, then a 1 for 4, then another 1 for 3) and became Peak Gold, which merged into New Gold on the basis of 0.1 New Gold share plus 1 cent for every share of Peak. New Gold trades for about $8.50 per share currently.

Based on the reverses and the merger, your 1000 shares of Fairfax would be about 2 shares of New Gold. Not much, unfortunately. You need to contact the current transfer agent, Computershare (www.computershare.com) to confirm this information and see if you are a current shareholder of New Gold.