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Canadian Stocks/Hastings Mining and Development Co. LTD

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Question
I have come across a certificate for Hastings Mining and Development
Are they o any value.

Thank you

Brian Klaus

Answer
Brian, from the information I have available, Hastings' assets were acquired by Sullivan Mines in 1969. Shareholders received 50 cents cash plus 16 shares of Sullivan for every 100 shares of Hastings owned. Sullivan was later acquired by Cambior in 1987 for $7.50 cash per share. The registered holder would have received a check at that time.

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