Expert: Steven Taylor - 12/24/2010

Question
Could you please what has happened to the stocks of these companies: Van Horne Gold Explorations, Dejour Mines and Watson Lake Mines Limited. Thank you for your help. Appreciate it.

Answer
From the information I have available:

Van Horne went through numerous changes. They merged several times. Under the first, shareholders received 1.1 new shares for each old share. Under the second, shareholders received 1.5 new shares for each old, and under the third, shareholders received 1 new share for 7 old shares. They later did an unusual transaction whereupon shareholders received 1 share of Moss Resources and 1/15 of a share of Yamana for each old share held. The Moss shares are worthless, but the Yamana has value. The stock trades on the NYSE for about $12.75 per share. You need to contact the current transfer agent, CIBC Mellon (www.cibcmellong.com) regarding possible value and getting the old shares reorganized.

Dejour did a 1 for 15 reverse split and became Dejour Enterprises. Dejour trades on the NYSE Amex for about $0.30 per share. You need to contact the current transfer agent, Computershare (www.computershare.com) about getting your old shares reorganized.

The Watson Lake shares appear to have no current value. In the early 1990's the company was delisted by the Alberta Stock Exchange, as well as being cease-traded by order of Quebec, Ontario and Alberta. All 3 of those cease-trade orders remain in effect, so the certificate cannot be traded. You should confirm this with a broker.