You are here:

Canadian Stocks/Canadian High Point Mines Limited

Advertisement


Question
My uncle has a stock certificate (#1093)in his name and dated from 1966 for 500 shares of Canadian High Point Mines Limited.  He also has a receipt and correspondence from the broker E.A. Manning Limited from Toronto.

How do I determine whether the certificate has any value?

Thank you

Answer
Paul, from the information I have available, the Company has gone through numerous name changes and acquisitions and is now Sprott Resource Lending, which trades on the TSX and NYSE MKT in the US for about $1.45 a share. Unfortunately, due to all the capital changes through the acquisitions, I believe the original 500 shares may, at best, be only 2 shares of Sprott if any at all. It is possible the acquisitions wiped out all the shares some time ago. The best thing to do is contact the current transfer agent, Computershare (www.computershare.com) and see what information they can provide about the validity of the old certificate.

Canadian Stocks

All Answers


Answers by Expert:


Ask Experts

Volunteer


Steven Taylor

Expertise

Canadian stocks, including growth and resource companies.

©2016 About.com. All rights reserved.