You are here:

Canadian Stocks/old stock certificate

Advertisement


Question
I found an old stock certificate - issued April26, 1973. Issued by Matador Development Ltd. in BC. Is it still around???

Answer
Edith, from the information I have available, the Company has had numerous name changes and reverse splits (1 for 5, 1 for 4, 1 for 2, 1 for 5, 1 for 2, and 1 for 6) and is now Crown Point Energy. However, due to the reverse splits it would require 2400 Matador to equal a single share of Crown Point Energy. Crown Point currently trades for about 37 cents per share, so you would have to have started with hundreds of thousands of Matador to have enough current value in Crown Point to be economical to pay the reorganization fees to convert it to Crown Point.

I suggest you contact the current transfer agent for Crown Point (www.computershare.com) to confirm this information.

Canadian Stocks

All Answers


Answers by Expert:


Ask Experts

Volunteer


Steven Taylor

Expertise

Canadian stocks, including growth and resource companies.

©2016 About.com. All rights reserved.