Show moab uranium I 1 Is S 1st company T pay dividends MOAB utah aug I 1 moab uranium co today beca became me the first uranium corporation head quartered in moab and one of the first on the colorado plateau to vote a cash dividend the payment 10 per cent of par value to stockholders of rec ord june 30 was approved by stockholders at the first annual meeting of the firm par value is 5 cents per share moab uranium started opera eions in july 1954 financed by a stock issue net nt worth of the company since then has in creased according to the official report moab uranium owns or holds interest in more than 2 mm min ing claims including a number of producing properties three new members were elected to the board of directors they are lee sefton san fran cisco attorney L D nori boms is auto dealer at deer river minn and J D haynes oil man of odessa texas re elected directors were C M hickman of moab joseph kejr of woodrow colo R A pitzer and dan hendrich of moab hickman was re elected reelected chair man of the board and executive vice president and kejr keir was re elected president other officers are pitzer assistant executive vice president dan and joseph henrich vice presidents inez hickman secretary and robert lorentzen assistant secretary and treasurer pitzer described company ac tivi ties for the stockholders els newest claims to go into prodoc tion he said are the lackey group in the big indian wash settlement sheets on the first shipments have not been re but assays indicate an exceptionally high uranium oxide content on the company s henry mountain property an 80 foot drift is being driven and is ex pecked to be in ore by aug 10 board chairman hickman told stockholders it its s not the first dividend that counts it s the ones that follow moab uranium he said expects to be able to pay dividends regularly in the fu tu ture hickman added that within the last week proposals have been received from three comp companies anies seeking to merge with moab mo ab ur aniam operations and assets of those companies will be carefully surveyed he said before any de casion Is made the companies were not named |