Show Mining Merger Is Announced Directors of ot Lucky Me ole Uranium UranIum Uran Uran- ium Corporation have voted to merge the company into Utah Construction Mining Co Allen D. D Christensen president of Lucky Me Ic announced last week Meeting in Salt Lake City the board of directors authorized execution execution ex ex- ex of a merger agreement which will become effective upon Its approval by shareholders at ata a special meeting to be held on January 29 1960 Christensen said The rho board of directors of Utah Construction Mining Co also alao acted favorably on the merger agreement at a held In Ogden on Friday and its action will likewise be subject to the approval of ot shareholders The Treasury Department has lisa ruled that the merger if it effected will wUl constitute a tax tax free free reorganization tion according to Christensen Exact terms of the merger have bave not been teen revealed but it is Js a expected expected ex ox- that 10 shares of Lucky Me Mc Uranium stock will 1 be e exchanged exchanged exchanged ex ex- ex- ex changed for tor a hare of Utah Con Con- Utah Construction now owns about 60 0 per cent of the Ing stock of Lucky Me The Mc-The The Mining Record |