Canadian Stocks/Old Share Certificate
Expert: Steven Taylor - 7/4/2011
QuestionHi Steve
Could you please advise if these old share certificates have any value?
Regards
John
Number 372 - Kismet Mining Corp. Ltd.(n.p.l.)- 1000 shares issued April 21, 1967 –Incorporated in BC
Number 2802 Kismet Mining Corp. Ltd.(n.p.l.)- 1000 shares issued December 14, 1972
Number 0737 Acano Explorations Ltd. 1000 shares issued July 19, 1972 – Incorporated in BC -
Number 0555 Acano Explorations Ltd. 1000 shares issued June 22 1972 – Incorporated in BC –
Number 496 Central BC Explorations Ltd(N.P.L.) 500 shares issued Feb 10, 1971 Incorp. In BC
Number 494 Central BC Explorations Ltd (N.P.L.) 500 shares issued Feb 10, 1971
Number 628 Central BC Explorations Ltd (N.P.L.) 500 shares issued Sep 7, 1971
Number 637 Central BC Explorations Ltd (N.P.L.) 300 shares issued Nov 16, 1971
Number 502 Central BC Explorations Ltd (N.P.L.) 200 shares issued Feb 10 1971
AnswerJohn, I can't tell you if specific share certificates have value. They may have been reported lost and reissued, or had a merger and cancelled. Only the transfer agent can confirm the validity of a specific certificate. All I can do is try to track the stock and do my best to determine who the current agent is, if any.
From the information I have available:
Kismet has no value. The Company became Pamex Resources, which was dissolved in 1978.
Acano had at least 2 reverse splits (a 1 for 5, then a 1 for 3) and is currently ProAm Explorations Corp., which trades on the TSX Venture Exchange for about 8 cents a share. The current transfer agent is Computershare (www.computershare.com).
Central BC has no current value. The Company was dissolved in 1985.