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Canadian Stocks/Another Mount Wright question


Steven, I possess an original certificate signed by Mt. Wright Iron Mines Company Ltd. in the amount of 125 shares issued to my father on 3 July 1958. Your thoughts?

Lindsay, from the information I have available, the Company went through several name changes and at least 2 reverse splits (1 for 5 and 1 for 7) and ended as, which was taken private in 2005 for 2 cents per share. After the reverse splits, your father would have been due just 8 cents. Therefore, the certificate has no current value.

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Steven Taylor


Canadian stocks, including growth and resource companies.

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