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Canadian Stocks/phaeton exploration ltd


hi have 250 shares of phaeton exploration ltd,please tell their value. thanks

Danny, from the information I have available, Phaeton went through several name changes and ended as Conrex Steel. As part of a reorganization, they gave shareholders the option to either redeem their common shares for 92 cents per share or convert them to new Class A shares of Conrex. The majority (90%) opted for the redemption. I believe those that did not redeem were converted to new Class A shares of the Conrex Steel. With the redemption, Conrex was able to delist from the Toronto Stock Exchange and go private. Therefore, even though Conrex Steel is still around, the shares are not traded. I suggest you try to contact Conrex directly through If you are still listed as a shareholder, they should be able to help you.

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Steven Taylor


Canadian stocks, including growth and resource companies.

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