Canadian Stocks/Old Stock certificates
I have found old stock certificates for Federated Mining Corporation Ltd., issued 1971, and, for Hydra Explorations Limited, issued 1962, and for Northrim Mines Ltd. issued 1978. Kindly let me know whether these companies had their charters cancelled, or were perhaps bought by other Canadian companies. Thank you for your assistance.
Sharon, from the information I have available:
Federated sold their assets to Northrim Mines and Federated shareholders received Northrim shares. Northrim was subsequently placed in receivership. Common shareholders received no value and the charter was cancelled in the early 1980's.
The Hydra has no value. The Company had multiple name changes and became CPI Plastics, which went bankrupt with no distribution to common shareholders.