Expert: Steven Taylor - 1/28/2011

Question
I am in possession of the following old mining certificates for which I can not find information:
1)Quebec North Mine Limited-800 shares -issued at par value of $1.00 on August 22. 1963-cert # M0627-company incorporates in Quebec in 1953-countersigned by Guaranty Trust Co, Montreal.

2)Gilgreer Mines, Limited-500,500, and 500 shares-issued at par value of #1.00 on February 26, 1952,June 4,1952, and April 9, 1952 respectively-cert # 0331,07991, and 0648 respectively-company incorporated under the Ontario Companies Act-countersigned by Guaranty Trust Co, Toronto
3)Penn-Cobalt Silver Mines Limited-500 shares-issued at par value of $1.00 on February 6, 1951- cert # 2026- company incorporated under the Companies Act of Ontario- countersigned by Guaranty Trust Co, Toronto .
I appreciate your efforts and any information you can provide on these companies.
Respectively submitted,
Carl Touchie,
Mansfield, Ontario
4)De Ville Copper Mines Limited-500 and 1000 shares- issued at par value of $1.00 on May 7, 1956 and April 13, 1956 respectively-cert #'s 1649 and 1320-company incorporated in the Province of Ontario- countersigned by Guaranty Trust Co, Toronto .

Answer
Carl, from the information I have available:

The Quebec North has no value. It had its charter cancelled in 1974.

The De Ville has no value. It had its charter cancelled in 1970.

The Gilgreer and Penn-Cobalt became the same company. They were both acquired by Cobalt Consolidated Mining on the basis of 1 Cobalt Consolidated for every 12 shares of Gilgreer and 1 for 13 Penn-Cobalt. Cobalt Consolidated was acquired by Agnico Mining on the basis of 10 Agnico for every 35 Cobalt shares. Agnico later became Agnico Eagle, which currently trades for about $69 per share on the TSX and NYSE. You need to contact the current transfer agent, Computershare (www.computershare.com) to see if the shares are valid and even if they can still be exchanged.