Compagnie des Cent-Associés

Compagnie des Cent-Associés (Compagnie de la Nouvelle France) was founded 29 April 1627 (royal approbation 6 May 1628) by Cardinal Richelieu, chief minister of Louis XIII, to establish the French empire in North America; it was granted NEW FRANCE from Florida to the Arctic and from the Atlantic to the unknown West, as well as extensive trading privileges. English rivals captured the company's fleet in 1628 and both the fleet and the colony in 1629; the colony was restored to France in March 1632, but the company never recovered. In 1645 it sublet its rights and obligations in Canada to the COMMUNAUTÉ DES HABITANTS; on 24 February 1663 the Cent-Associés' grant was revoked and Canada became a royal province.