Grizzly Bear Mines, Ltd - circa 1940's dated Canadian Mining Stock Certificate - Unissued
Inv# MS1168 Stock
Unissued Stock. Bradford-Robinson Printing Company. Scarce! Great Title!
Grizzly Bear Mines, Ltd., a Canadian company, was established in Ontario on May 24, 1943. It was formed through the merger of the Grizzly Bear Mine and the Sunnyside Mine in the Yellowknife region. The company’s purpose was to consolidate and manage gold mining interests in the Northwest Territories during a time of high gold prices and intense exploration around Yellowknife Bay. This region became a hub for the Canadian gold mining industry, with Grizzly Bear Mines emerging alongside major operations like the Con Mine and Giant Mine.
Over the decades, the company underwent significant diversification and corporate restructuring. By the 1960s, it had expanded its portfolio beyond gold to include projects as diverse as global mineral properties and seniors’ housing facilities in Florida. In 1948, the company was renamed Yellowknife Bear Mines Limited, and in 1981, it transitioned to Yellowknife Bear Resources Incorporated. The company’s legacy in the North is preserved through local landmarks, such as Hershman Road in Yellowknife, named after its early chief engineer, Charlie Hershman.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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