Expert: Steven Taylor - 3/1/2011

Question
In 1991 I purchased 500 shares of Denroy Mfg LTD stocks.Is there any value in these stocks.If not how do I claim a loss for taxes.

Answer
Darrin, from the information I have available, Denroy became Denroy Resources, then did a 1 for 35 reverse split and became another company, which was acquired by Starfield Resources on the basis of 0.87 of a Starfield share for 1 old share. Starfield trades for about 10 cents a share on the TSX. You will need to contact Starfield's current transfer agent, Computershare (www.computershare.com) to get your old shares reorganized.