Canadian Stocks/Old Stock Certificates
Expert: Steven Taylor - 12/27/2010
QuestionI have several old stock certificates aquired by my grandfather in the 1950's and 60's. Could you please advise as to their current worth. They are as follows:
1) Great Yellowstone Corporation (Nevada,USA)
2) Consolidated Ribago Mines Limited (Toronto , Can.)
3) Lomega Gold Mines Limited (Crown Trust, Toronto , Can.)
AnswerRichard, I have no information on Great Yellowstone's ultimate fate, as it was a US corporation and I only have information on Canadian companies. However, I believe those are worthless, as Great Yellowstone was part of a stock/accounting fraud in the late 1970's. However, you should consult a broker on that one. The share certificate might have value to collectors as well.
Consolidated Ribago has no value - the company went out of business and had its charter cancelled in the 1970's.
Same for Lomega - it had its charter cancelled in the 1960's.