Canadian Stocks/old canadian stock
Recently my Grandmother passed away and we found some old
stock from "Cinch Lake Uranium Mines Ltd" stock #74 and
we were wondering if it has any value. Any information you
could give us would really be appreciated. Thank you.
Terry, from the information I have available:
Cinch Lake Uranium did a 1 for 2 reverse split and became Lake Cinch Mines. Lake Cinch was acquired by Dickenson Mines on the basis of 1 Dickenson share for every 4.5 Lake Cinch shares. In 1994, Dickenson went through a complex transaction and merged into Goldcorp on a 1 for 1 basis. Goldcorp trades on the NYSE for about $33 a share. You will need to contact the current transfer agent, Canadian Stock Transfer (www.canstockta.com) to determine if the old certificate has any current value.