Canadian Stocks/found stock certificate
Expert: Steven Taylor - 7/23/2010
QuestionMy Husband Eric Vantyghem passed away 2 years ago. I just came across a stock certificate with Cadington Resources for 300 shares #02524 dated May 12,1988.
The stocks were invested by Marchment & McKay Ltd.
How can I redeem them.
Thank you
AnswerFrom the information I have available, the shares currently have minimal value. The Company is currently Iberian Minerals, which trades on the TSX Venture for about 45 cents per share. However, the Company had 2 reverse splits (a 1 for 6, then a 1 for 10) which reduced your original 300 shares to just 5 shares currently. You need to contact the current transfer agent, Equity Transfer (www.equitytransfer.com) to confirm this information.