Expert: Steven Taylor - 11/29/2011

Question
QUESTION: Hi,

I bought the following stocks from E.A. Mannings Ltd way back. I dont have a clue what is the status of these shares and how to find out inforamtion about them. Could you please help.

Pacific Energy Systems Ltd.

Points North Digital Technologies Inc.

Red Fox Resources Inc.

King Products Inc.

Golden Eagle Capital Corp

Regards,
Thanks

Hamid Merchant

ANSWER: Hamid, from the information I have available:

Pacific Energy was cease-traded in 1996. That order remains in effect.

Points North became Peragis, which was delisted and cease-traded in 2001. Those cease-trade orders remain in effect, but the company applied for an amendment to those orders in 2008 in order to try to reactivate the company. I have yet to see any tangible evidence (such as filing their long past due regulatory information) they have made any progress towards a return to trading, so at the moment, there is no market for the shares.

Red Fox had a reverse split and became Library Information Software, which later became Starwood Industries. Starwood was cease-traded in 2007 and that order remains in effect.

King Products did a 1 for 83.74 reverse split and became Moto Goldmines, which was acquired in 2009 by Randgold on the basis of 0.07061 of a Randgold share for each share of Motol

Golden Eagle became Points North, so they are the same company.

---------- FOLLOW-UP ----------

QUESTION: Thank you very much for all your help .

Could you please advise me how i can sell the 2 stock you mentioned (King products are now Motol and Golden Eagle ) where are they traded and if there is a symbol for them.

Also how would i find if any of these companies will become active. Is there anywhere i can get my stocks registered so i can get correspondence.

Thanks again

Answer
Hamid, in order to get your old shares reorganized into the new shares, you will need to contact Randgold's transfer agent. I am not sure who that is in North America, so I suggest you contact Randgold's Investor Relations department for information.

http://www.randgoldresources.com/randgold/content/en/2009/randgold-home