Beautifully engraved uncancelled certificate for 2700 shares from the Bre-X Minerals Ltd. issued
in 1997. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of allegorical men by a globe and the company logo. This item has the printed signatures of the Company’s President and Secretary. One center fold from original mailing. This is one of the highest number of shares we have seen on one certificate. Usually they were issued for one share.
The Bre-X Minerals Ltd. Company was involved in one of the largest stock swindles in history. Its Indonesian gold property which reportedly contained over 200 million ounces was proven fraudulent. The company touted Bre-X's properties in the Busang area of East Kalimantan, Indonesia, as holding the richest gold deposit ever discovered. In 1997, independent experts confirmed that, in fact, no gold exists at Busang. The stock was once valued at over $280 a share, so at its peak 1000 shares would have been worth $280,000.
History from OldCompany.com and
SavingsBonds.pro (collectible Savings Bonds website)
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