Canadian Stocks/Old Shares

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Question
Back in 1988 I purchased some shares,one company being Golden Penguin Resources Ltd, the other being, Ansell Lake Resources Ltd. Can you tell me if these shares still hold any value. Thank-you for your time. Best Regards Pierre

Answer
Pierre, from the information I have available:

Golden Penguin had a 1 for 3 reverse split and became Partner Jet. Partner Jet is still around - it trades for about 6 cents per share on the TSX Venture. You will need to contact the current transfer agent (http://tmxequitytransferservices.com/) to have your old shares reorganized.

Ansell Lake had a 1 for 5 reverse split and became Diversafile International, which was cease-traded and delisted in the late 1990's. That cease trade order remains in effect, so there is no current value.

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