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Canadian Stocks/old stock certificate

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Question
Hi,
While doing a massive clean up I found a 40 share certificate for Gallahad petroleum Ltd dated October 10/1978 issued on their behalf Davidson and company ltd of Vancouver BC located at time on Pender street.
some numbers on the certificate 1059.......028991107. also CUSPP 363578 10 5

wondered if any value?? Thanks

Answer
Glenn, from the information I have available, Gallahad merged into Backer Petroleum and holders received 3 shares for each old share. Backer was acquired in 2000 by Allied Oil and Gas for $1.75 cash per share. The registered holder should have received a check for the shares at that time. Typically, the certificate would not have to be submitted to the transfer agent in order to receive the money, which would explain why you still have it.

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