Canadian Stocks/old stocks
Expert: Steven Taylor - 10/24/2011
QuestionI have 5 old stock papers and would like to know if they have any value
Pipstone Bay Resources Ltd # 00351
Gurdsman Resources Inc # 0635
Red Rocket Exploration Inc B00437
Montclerg Resouces Ltd C0047
Shediac Bay Resources Inc 01597
AnswerFrom the information I have available:
Pipestone went through 3 name changes and reverse splits (1 for 3, then 1 for 10, then another 1 for 10) and ended as Skor Foods. Skor was acquired earlier in 2011 for $1.33 per share cash.
I have no information on Guardsman.
Red Rocket did a 1 for 15 reverse stock split and became W.I.N Gaming, which later became Funtime Hospitality. Funtime was delisted and 3 Provinces issued cease-trade orders against them, all of which remain in effect.
Monclerg became Prospectors Alliance, which then became Explorers Alliance. Explorers was halted, suspended, delisted and cease-traded in 2002.
Shedlac went through at least 8 name changes and 4 reverse splits (1 for 4, then 1 for 10, then 1 for 3, then another 1 for 10) and is now API Technologies, which trades on NASDAQ for about $3.75 per share.