Expert: Steven Taylor - 11/17/2011

Question
Hello,

I have a friend who has a share certificate from Surluga Gold Mines Limited from the 70's, the transfer agent was The Royal Trust Company. I want to know if the company is still operating and the shares are still valuable? thank you.

Answer
Karen, from the information I have available, the Company has undergone at least 3 reverse stock splits (1 for 10, then a 1 for 3, then a 1 for 5) and is now Anconia Resources, which trades for about 25 cents per share. Your friend will have to contact the current transfer agent, Computershare (www.computershare.com) about having the old shares reorganized.