Canadian Stocks/old stock certificates
Expert: Steven Taylor - 5/11/2011
QuestionWe recently inherited stock certificates from 3 Canadian Companies: Baska Uranium Mines Limited, Meta Uranium Mines Limited, and Canadian Lithium Mining Corp. Limited. Any chance any of these stocks have value?
AnswerDouglas, from the information I have available:
Baska went through numerous name changes and at least 3 reverse splits (1 for 5, then a 1 for 3.5, then a 1 for 25) and ended as the Griffen Corp., which went private in January 2008. Shareholders received 8 cents cash per share. Because of the reverse splits, unless you are sitting on tens of thousands of shares, it probably is not worth hunting down the money, even if it is still available, but you can check the missing money databases (www.missingmoney.com and www.naupa.org) to check. Use the name exactly as it appears on the certificate.
Meta did at least 2 reverse splits (a 1 for 4.5, then a 1 for 3) and is now Olympus Pacific, which trades on the OTCBB in the US for about 39 cents per share. You will need to contact the current transfer agent, Computershare (www.computershare.com)
I have no information on Canadian Lithium. If there is a transfer agent listed, I would contact them first. You could also try the Province of Incorporation and see what information they have available, or contact a broker and ask them to perform a detailed search for you.