Canadian Stocks/penny stocks

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Question
In 1989 i purchased some stocks from Marchment & Mackay which i seen has gone out of business

Are they of any value at all
Van Ollie Explorations LTD 500 Shares
Fiedmont Resources Ltd.    250
Mountain Beaver Resources  500

Dave

Answer
Dave, from the information I have available:

Van Ollie had multiple reverse split before filing for bankruptcy in 2007. No value.

Fiedmont had multiple splits (1 for 5, 2 for 1, 1 for 4, 1 for 10) and became RMM Ventures, which was delisted. They tried to reverse merge with a private company, but I do not believe they were successful. I do not believe there is any current value.

Mountain Beaver had multiple reverse splits (1 for 20 and 1 for 14) and became Bema Gold, which was acquired by Kinross the basis of 0.4447 for 1. I don't believe there would have been any Kinross issued due to the reverse splits, but I suggest you consult with Kinross' transfer agent (www.computershare.com) and see if they list you as a shareholder.  

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