Expert: Steven Taylor - 2/23/2011

Question
While going through files I found stock certificates for Rainbow Lake Resources Ltd, and Little River Resources Inc. Was wondering if these companies still exist and if the stocks are worth anything.  Thankyou

Answer
Robert, from the information I have available:

Rainbow Lake became Castlestar Capital, which later did a 1 for 5 reverse to Southern Frontier Resources, which amalgamated with some other companies to become Planetsafe Enviro. Planetsafe was later cease-traded and delisted. Southern Frontier shareholders also received 1 share of Inland National Capital. Inland was the subject of some serious regulatory issues in several Provinces, and nothing became of that stock.

I believe Little River was a US company, and became May International? I believe that stock is no more, but I suggest contacting a broker to see if they can perform a more detailed search for you.