Canadian Stocks/mine shares


I would like to know a little bit about a certificate that I found.It was my grandfathers from 1930. It is 50 shares paymaster consolidated mines limited .

James, from the information I have available, the Company had several name changes and two reverse stock splits (1 for 3 and 1 for 3.57198) before being acquired by American Reserve in 1989 on the basis of $5 cash plus 0.75 of an American Reserve share for each old share. American Reserve later had a 1 for 15 reverse split, which would have wiped out any shares your Grandfather received. He should have received a small check for the 4 or 5 old shares in his name at that time.

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Steven Taylor


Canadian stocks, including growth and resource companies.

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