Expert: Steven Taylor - 4/5/2011

Question
hi, ive looked for hours and hours online and the lineage crazy nyhow 3 old stocks North D'Arcy Exporations Ltd 1970, Calvert - Dale Estates Limited 1968, and Almore Explorations Limited 1970. Be curious as to how this develops. you have some mention of Almore. Peace
Zoro

Answer
Zoro, from the information I have available:

North D'Arcy went through 5 name changes and 4 reverse splits (a 1 for 10, then another 1 for 10, then a 1 for 15, followed by a 1 for 2) and became Leader Capital. Due to all those reverses, Leader had too many small shareholders so they did a 1 for 50 reverse, followed immediately by a 50 for 1 forward split. Anyone holding over 50 shares was unchanged, but under 50 shareholders received about 25 cents cash per share. To not be taken out in that reverse/forward merger, your North D'Arcy certificate would have to be 150,000 shares! The registered holder would received a check for the small lot at that time.

The Calvert-Dale has no value. The Company became Argyll Energy, which was placed into receivership in the early 1990's. Shareholders received nothing.

Almore is the same as North D'Arcy. They merged together in the 1970's, and are also tied into the reverse splits.