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The most famous aspect of the company were the five free shares 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, which they did.
The company expanded, and bought a numerous mining and logging installations.
Unfortuatly, because of the North-East Coal debacle, which resulted in the creation of Tumbler Ridge , the company ran into financial trouble. Investors saw their thousands of dollars dwindle to pennies.
The company was eventually bought out by Jimmy Pattison.
British Columbia