I am seeking information about a penny stock, Lucky Break Gold, which was suspended from trading on the Vancouver Stock Exchange on Dec. 19, 1997. I have been trying in the past month to get answers from the VSE, the B.C.
Securities Commission and others, to no avail. I can’t get a share certificate for the 284,000 shares I own. St. Andrews West, Ont.
Subsequent to the company’s suspension from the VSE on Dec. 19, 1997 for failure to pay its annual sustaining fee, Lucky Break Gold was delisted. The exchange could provide no further information on the fate of the company.
When first listed on the exchange in 1988, the company’s chief asset was the Lucky Break gold mine property, near Mt. St. Helens in southwestern Washington. An initial soil sampling and drilling campaign there returned only anomalous gold and silver results.
The company soon began to strike deals for properties in exploration hotspots across the world, securing interests in land prospective for diamonds around Fort la Corne and Snowden, in Saskatchewan, base metals near Voisey’s Bay, Labrador, and gold in Indonesia. Exploration success, however, was elusive, and the company had a working capital deficit of $171,000 at Feb. 1, 1997. Unfortunately, your shares in this company have no value.
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