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Compagnie Minière de l'Oubanghi Oriental
Bearer share of one thousand six hundred francs No. 016.582, Compagnie Minière de l'Oubanghi Oriental, Paris, new series. AEF colonial scripophily after restructuring.
This bearer share of the new series of the Compagnie Minière de l'Oubanghi Oriental has a nominal value of 1,600 francs, sixteen times the value of the old series at 100 francs. This spectacular difference reflects a major restructuring of the company's share capital, perhaps linked to a reverse share split or a revaluation of mining assets following new discoveries or concessions. The number 016.582 indicates that the new series issue was substantial. Together with the old series (previous item), this share forms an ideal documentary set to illustrate the evolution of French colonial mining companies in French Equatorial Africa. The two certificates together make it possible to reconstruct the financial history of this company operating in the Oubangui-Chari region, rich in ivory, rubber and ore.