Stupid question about a capital loss

[test_drive]

OK folks, a silly one for you:

I bought a few hundred bucks of stock many years ago during the tech boom. The stock steadily went downhill, until it was only worth a few cents. Then sometime last year, that company was bought out, and each share was converted into a warrant to buy a share of this other company. I did NOT excercise my right to buy, and the warrants expired.

...so now, there is nothing. No shares, no warrant, no trace anything ever existed, except a bit of a hole in my wallet.

Do I get to claim a capital loss in this situation? Or, do I just shake my head at the stupidity of the tech boom?

BTW, the company I had stock in was Waverider.

Thanks!

[Mckenzie]

I would assume yes- you sold the share for the value of the warrant and as it is expired you no longer have the ability to make a capital gain and no longer hold a security. In this case, you truly lost your capital (literally).

I would say claim it. :D

[Altezza]

I would say that it's safe to assume you're able to claim that as a capital loss. Just keep all your paperwork in case CRA wants to see it.

[roopi]

Yes you do.