You are here:

Canadian Stocks/old bearer shares

Advertisement


Question
My father did a lot of stock trading. He died in 1982.Recently
I found some old certificates in a file folder and was wondering
if they might still have value.The company names are Jensen
Yellowknife Gold Mines Ltd. issued July 12 1944, Blondor Quebec
Mines Limited issued Oct. 18 1944, Heva Gold Mines limited issued
Apr 14 1947 has a note in corner that it is now listed as Hydra
Exploration, Spectroair explorations limited (N.P.L.) issued Mar 17 1971, Hargal Oils Limited issued Feb 4 1946.Any info. on these
certificates would be appreciacted.

Answer
From the information I have available:

Jensen has no value - it had its charter cancelled in the 1950's.

Blondor has no value - it was dissolved in the 1960's - no value for shareholders.

Heva has no value. it did a 1 for 25 reverse and became Hydra, which went through several other name changes and a 1 for 10 when it became CPI Plastics. CPI went into receivership and there was no value for shareholders.

Spectroair went through numerous name changes and reverse splits (a 1 for 5, then another 1 for 5, then a further 1 for 5, then a 1 for 9.5# and is currently Britannica Resources which trades on the TSX for about 9 cents per share. You need to contact the current transfer agent, Computershare #www.computershare.com#.

Hargal did a 1 for 10 and became Freehold Gas, which then became Westgrowth Petroleum, then Canadian Westgrowth #reverse split ratio unknown#, then merged with Ulster Petroleum #1.5 for 1# then was acquired by Anderson Exploration in 2000 on the basis of $11 cash plus 0.09655 of a share of Anderson per share of Ulster. Anderson was acquired in 2001 by Devon for $40 per share cash.

Since these were after your father passed away, I suggest you start a search of missing property departments of every State or Province in which he lived from the time he acquired the shares until he died. Assuming the shares were valid, the money from the acquisitions should have been turned over to the government for safekeeping in his name. You can search many of them online for free at www.naupa.org and www.missingmoney.com #search both, as they have different governments participating). Use his name exactly as it appears on the face of the certificate.

Canadian Stocks

All Answers


Answers by Expert:


Ask Experts

Volunteer


Steven Taylor

Expertise

Canadian stocks, including growth and resource companies.

©2012 About.com, a part of The New York Times Company. All rights reserved.