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- British_Columbia_Resources_Investment_Corporation abstract "The British Columbia Resources Investment Corporation, or BCRIC (pronounced "brick") was a holding company formed under the government of William R. Bennett. The company took over ownership of various sawmills and mines that had been bought and bailed out by the government. The name was eventually changed to Westar Group Ltd.The most famous aspect of the company were the five free bearer shares, dated August 7, 1979 that were distributed to all British Columbians, to promote investment in the province, and earn back a profit to the buyer. British Columbians and investors were encouraged to buy more. The company expanded, and bought numerous mining and logging installations.Unfortunately, because of significant investment in a North Sea oil play by a subsidiary, Westar Petroleum, as well as bad timing in a mining investment by another subsidiary, Westar Mining, the company ran into financial trouble. Investors saw their thousands of dollars dwindle to pennies.In 1995, the shares were consolidated at a ratio of 125 to 1. At that time, 5 bearer shares were worth .008 (or 0.8%) of one post-consolidation share. In June 1997, the consolidated shares were subject to a compulsory buy-out at $70 each (i.e. 56 cents per bearer share) as part of a privatization transaction by the Jim Pattison Group. However, the buyout had a 10 year limit which expired on June 30, 2007 and, as a result, outstanding share certificates no longer have any value.".
- British_Columbia_Resources_Investment_Corporation thumbnail BCRIC_Share_Certificate.jpg?width=300.
- British_Columbia_Resources_Investment_Corporation wikiPageID "319498".
- British_Columbia_Resources_Investment_Corporation wikiPageRevisionID "596112728".
- British_Columbia_Resources_Investment_Corporation caption "BC Resource Investment Corporation - Bearer Share Certificate - 5 Shares".
- British_Columbia_Resources_Investment_Corporation hasPhotoCollection British_Columbia_Resources_Investment_Corporation.
- British_Columbia_Resources_Investment_Corporation logo "200".
- British_Columbia_Resources_Investment_Corporation name "British Columbia Resources Investment Corporation".
- British_Columbia_Resources_Investment_Corporation subject Category:British_Columbia_government_departments_and_agencies.
- British_Columbia_Resources_Investment_Corporation subject Category:British_Columbia_political_scandals.
- British_Columbia_Resources_Investment_Corporation subject Category:Companies_based_in_British_Columbia.
- British_Columbia_Resources_Investment_Corporation subject Category:Defunct_companies_of_British_Columbia.
- British_Columbia_Resources_Investment_Corporation subject Category:History_of_British_Columbia.
- British_Columbia_Resources_Investment_Corporation type Abstraction100002137.
- British_Columbia_Resources_Investment_Corporation type AdministrativeUnit108077292.
- British_Columbia_Resources_Investment_Corporation type BritishColumbiaGovernmentDepartmentsAndAgencies.
- British_Columbia_Resources_Investment_Corporation type CompaniesBasedInBritishColumbia.
- British_Columbia_Resources_Investment_Corporation type Company108058098.
- British_Columbia_Resources_Investment_Corporation type DefunctCompaniesOfCanada.
- British_Columbia_Resources_Investment_Corporation type Department108114861.
- British_Columbia_Resources_Investment_Corporation type Division108220714.
- British_Columbia_Resources_Investment_Corporation type GovernmentDepartment108119821.
- British_Columbia_Resources_Investment_Corporation type Group100031264.
- British_Columbia_Resources_Investment_Corporation type Institution108053576.
- British_Columbia_Resources_Investment_Corporation type Organization108008335.
- British_Columbia_Resources_Investment_Corporation type SocialGroup107950920.
- British_Columbia_Resources_Investment_Corporation type Unit108189659.
- British_Columbia_Resources_Investment_Corporation type YagoLegalActor.
- British_Columbia_Resources_Investment_Corporation type YagoLegalActorGeo.
- British_Columbia_Resources_Investment_Corporation type YagoPermanentlyLocatedEntity.
- British_Columbia_Resources_Investment_Corporation type Agent.
- British_Columbia_Resources_Investment_Corporation type Company.
- British_Columbia_Resources_Investment_Corporation type Organisation.
- British_Columbia_Resources_Investment_Corporation type Organization.
- British_Columbia_Resources_Investment_Corporation type Agent.
- British_Columbia_Resources_Investment_Corporation type SocialPerson.
- British_Columbia_Resources_Investment_Corporation type Thing.
- British_Columbia_Resources_Investment_Corporation comment "The British Columbia Resources Investment Corporation, or BCRIC (pronounced "brick") was a holding company formed under the government of William R. Bennett. The company took over ownership of various sawmills and mines that had been bought and bailed out by the government.".
- British_Columbia_Resources_Investment_Corporation label "British Columbia Resources Investment Corporation".
- British_Columbia_Resources_Investment_Corporation sameAs m.01vb28.
- British_Columbia_Resources_Investment_Corporation sameAs Q4969752.
- British_Columbia_Resources_Investment_Corporation sameAs Q4969752.
- British_Columbia_Resources_Investment_Corporation sameAs British_Columbia_Resources_Investment_Corporation.
- British_Columbia_Resources_Investment_Corporation wasDerivedFrom British_Columbia_Resources_Investment_Corporation?oldid=596112728.
- British_Columbia_Resources_Investment_Corporation depiction BCRIC_Share_Certificate.jpg.
- British_Columbia_Resources_Investment_Corporation isPrimaryTopicOf British_Columbia_Resources_Investment_Corporation.
- British_Columbia_Resources_Investment_Corporation name "British Columbia Resources Investment Corporation".