Canadian Stocks/Old Stock Certificate
I hope you can help me out with some information on an old stock certificate.
In February of 1981 I purchased 100 shares of stock in a company known as PETROFLO PETROLEUM CORPORATION.
The agent that I purchased through was M.RASH & COMPANY LIMITED.
I curious to know if this stock is worth anything now.
Thank you in advance.
Richard, from the information I have available, the shares have no current value. It was one of 5 companies that merged into Flying Cross, which later went through a further 2 mergers before becoming Explorers Alliance. Explorers ran into serious financial problems and was delisted and cease-traded in 2002. Those cease-trade orders remain in effect and there is no market for the shares.