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.ambox{display:none!important}}</style><table class="box-Unreferenced plainlinks metadata ambox ambox-content ambox-Unreferenced" role="presentation"><tbody><tr><td class="mbox-image"><div class="mbox-image-div"><span typeof="mw:File"><a href="/wiki/File:Question_book-new.svg" class="mw-file-description"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png" decoding="async" width="50" height="39" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/75px-Question_book-new.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/100px-Question_book-new.svg.png 2x" data-file-width="512" data-file-height="399" /></a></span></div></td><td class="mbox-text"><div class="mbox-text-span">This article <b>does not <a href="/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources">cite</a> any <a href="/wiki/Wikipedia:Verifiability" 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Unsourced material may be challenged and <a href="/wiki/Wikipedia:Verifiability#Burden_of_evidence" title="Wikipedia:Verifiability">removed</a>.<br /><small><span class="plainlinks"><i>Find sources:</i> <a rel="nofollow" class="external text" href="https://www.google.com/search?as_eq=wikipedia&q=%22British+Columbia+Resources+Investment+Corporation%22">"British Columbia Resources Investment Corporation"</a> – <a rel="nofollow" class="external text" href="https://www.google.com/search?tbm=nws&q=%22British+Columbia+Resources+Investment+Corporation%22+-wikipedia&tbs=ar:1">news</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/search?&q=%22British+Columbia+Resources+Investment+Corporation%22&tbs=bkt:s&tbm=bks">newspapers</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.google.com/search?tbs=bks:1&q=%22British+Columbia+Resources+Investment+Corporation%22+-wikipedia">books</a> <b>·</b> <a rel="nofollow" class="external text" href="https://scholar.google.com/scholar?q=%22British+Columbia+Resources+Investment+Corporation%22">scholar</a> <b>·</b> <a rel="nofollow" class="external text" href="https://www.jstor.org/action/doBasicSearch?Query=%22British+Columbia+Resources+Investment+Corporation%22&acc=on&wc=on">JSTOR</a></span></small></span> <span class="date-container"><i>(<span class="date">December 2009</span>)</i></span><span class="hide-when-compact"><i> (<small><a href="/wiki/Help:Maintenance_template_removal" title="Help:Maintenance template removal">Learn how and when to remove this message</a></small>)</i></span></div></td></tr></tbody></table> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">British Columbia Resources Investment Corporation</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:BCRIC_Share_Certificate.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/a/ae/BCRIC_Share_Certificate.jpg/220px-BCRIC_Share_Certificate.jpg" decoding="async" width="220" height="205" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/a/ae/BCRIC_Share_Certificate.jpg/330px-BCRIC_Share_Certificate.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/a/ae/BCRIC_Share_Certificate.jpg/440px-BCRIC_Share_Certificate.jpg 2x" data-file-width="537" data-file-height="501" /></a></span><div class="infobox-caption">BC Resource Investment Corporation - Bearer Share Certificate - 5 Shares</div></td></tr></tbody></table> <p>The <b>British Columbia Resources Investment Corporation</b>, or <b>BCRIC</b> (pronounced "brick"), was a <a href="/wiki/Holding_company" title="Holding company">holding company</a> formed under the government of <a href="/wiki/William_R._Bennett" class="mw-redirect" title="William R. Bennett">William R. Bennett</a>. 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. </p> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/1/10/British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg/220px-British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg" decoding="async" width="220" height="391" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/10/British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg/330px-British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/1/10/British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg/440px-British_Columbia_Resources_Investment_Corporation_Share_certificate_both_sides.jpg 2x" data-file-width="2988" data-file-height="5312" /></a><figcaption>British Columbia Resources Investment Corporation Share certificate both sides</figcaption></figure> <p>The most famous aspect of the company were the five free <a href="/wiki/Bearer_share" class="mw-redirect" title="Bearer share">bearer shares</a>, dated August 7, 1979, which were distributed to all <a href="/wiki/British_Columbia" title="British Columbia">British Columbians</a>, 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. </p><p>Because of significant investment in a <a href="/wiki/North_Sea_oil" title="North Sea oil">North Sea oil</a> play by a subsidiary, Westar Petroleum, and bad timing in a mining investment by another subsidiary, <a href="/w/index.php?title=Westar_Resources&action=edit&redlink=1" class="new" title="Westar Resources (page does not exist)">Westar Mining</a>, the company ran into financial trouble. Investors saw their thousands of dollars dwindle to pennies. </p><p>In 1995, the shares were consolidated at a ratio of 125 to 1. At the time, five bearer shares were worth 0.8% of a post-consolidation share. In June 1997, the consolidated shares were subject to a compulsory buy-out at $70 each ($0.56 per bearer share) as part of a <a href="/wiki/Privatization" title="Privatization">privatization</a> transaction by the <a href="/wiki/Jim_Pattison_Group" title="Jim Pattison Group">Jim Pattison Group</a>. However, the buyout had a 10-year limit, which expired on June 30, 2007, and so outstanding share certificates no longer have any value. </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=British_Columbia_Resources_Investment_Corporation&action=edit&section=1" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns 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