Canadian Stocks/Stock certificate
Expert: Steven Taylor - 1/27/2012
QuestionI have one stock certificate and trying to find out if it have any value. I have seen from the question and answer page that there are a lot of people in the same boat. The certificate is of TEX-SOL EXPLORATIONS LIMITED, countersigned and registered with Guaranty Trust Company of Canada, Toronto, Canada. The certificate dated Nov. 25, 1964. I have found out that Guaranty Trust Company has merged a few times and that in 1992 Toronto Dominion Canada Trust is now the latest owner. Not sure and what should I do next? Thanks for any help you can offer!!!
AnswerJean, from the information I have available, the Company has gone through several mergers and acquisitions. There were several capital changes (1 new for 2.5 old, then 1 for 12.5, then 0.6 for 1) and ended as Neutrino Resources, which was acquired by Southern Mineral in 1998 for $1.80 cash per share.
If you are the registered owner of the certificate with the transfer agent, you should have received a check at the time of the acquisition in 1998. If you did not, the money would have been turned over to your last registered State or Province of residence for safekeeping. You can search the missing property registries of many States and Provinces online for free at www.missingmoney.com and www.naupa.org.