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Canadian Stocks/Richore Gold Mines Limited - Stock


Upon my father's death, I located a folder with information on 500 shares of Richore Gold Mines Limited stock my father had purchased in 1949.  Apparently, this company was purchased by Avilla International Explorations Limited some time in the 1970's.  His stock converted to Avilla at the rate of 2 shares for every 11 of Richore stock.

Does this have any value?

Phoebe, from the information I have available, Richore was purchased by Avilla and shareholders received 2 Avilla shares for every 112 Richore shares. Unfortunately, Avilla was later dissolved, and there was no money for shareholders. No current value.

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Steven Taylor


Canadian stocks, including growth and resource companies.

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