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Show National Enterprise, March 17, 1976 Page Two Dietrich Gains Financial Stature in Merger DENVER-T- he share- holders of two Denver independent oil and gas firms voted to merge the companies during a joint stockholders meeting at the United Bank of ! Denver. With only 2,600 votes in opposition to the purchase of Domestic Energy Co., Inc., (OTC .50 - ) by Dietrich Exploration Co., Inc., (OTC .16, .19) it was almost a no contest proposal, with some 74 c S ?.? Mi ' percent of the required Going public is tough. Keeping your seat is even tougher. Going public can be a great opportunity for growth (stock can often facilitate acquisitions) . . . but its not much consolation if youre left on the outside looking in. We can make your company public and keep you in control. No need to worry about months of delays, either. We move quickly and precisely. Talk to us before you give your company away to a board of directors. You built it; you should keep it. two-thir- ds vote registered by Dietrich shareholders and 80 percent approval voted by Domestics stockholders. All of the directors of both the firms indicated before the meeting that they would vote for the merger. cent ownership in the surviving Dietrich. The original Dietrich shareholders retained 61 percent control with their seven million shares of stock. Under Colorado law, shareholders who didnt agree to the merger could ask for the fair value of their shares. Neither of the companies indicated the fair value of their stock, but the book value of Dietrich, on Oct. 31, 1975, was 6 cents a share and the book value of Domestic was 40 cents a share on the same date. Dietrich has oil and gas interests in Colorado, Kansas, Montana, New Mexico, Texas and Wyoming. In the future, the firm plans to evaluate and continued on page 12 The boards of directors of both of the firms said that they believed the merger would reduce overhead costs for both companies and would give Dietrich additional cash flow and a strong financial posi- tion. To complete the merger, Dietrich issued 4.4 shares of its , common stock for each share of Domestic common. On the record date for shareholders entitled to vote at the special meeting, Jan. 30, there were 1,017,452 shares of Domestic common stock outstanding. Dietrich issued 4,476,789 shares of its stock to the former Domestic shareholders and the trade gave the former Domestic stockholders 39 per The reasons for the merger were described in a SALT LAKE-Equiti- es, proxy statement published Inc., firms. of both the jointly by (OTC .625, 1.00), a multiIt said that, even though faceted financial investment the directors and officers of and development Domestic were experienced in company, reports a 9.2 the oil and gas business, they increase in earnings for the devoted most of their time to past year. Net earnings after other business pursuits and taxes for 1975 were $27,550, have been looking for a merequivalent to $.13 per share, (dlat(am j&wuritus (Corporation comto the give ger partner 25 SOUTH 500 EAST compared to $25,974, or $.12 a SALT LAKE CITV. UTAH 84102 some management for its snare, ior pany iy4. (801) oil and gas properties and to This increase in earnings expand its activities and operwas achieved despite a diffiations. cult year for the overall Dietrich, according to the economy, which was characContact joint proxy statement, has terized by continued uncerRichard L. Chatham, President been in the oil and gas tainty in the monetary mar5 Denver (303) Salt Lake City (801) business in a limited way since ket, W. Bruce Woodruff, it completed its public offering company president stated. in June of 1974. Although earnings were up, company gross revenues were down, standing at $205,271 for 1975 compared to $239,890 for the previous year. For the sixth consecutive year, EquiHOW TO MAKE A FORTUNE FROM THE COMING GOLD ROOM ties paid regular INVESTING IN LITTLE KNOWN U.S. BOND MINE STOCKS dividends. Total dividends for 1975 were 6 cents per share. Equities primary business From '60 to '68 penny silver stocks increased in price on average 150 times is purchasing and Why it will happen to penny golds! discounted equities secured by real estate. Primary income Learn 5 specific reasons why you should consider penny gold stocks. of the company comes from the difference between what j Which ones to select, when to buy, how to buy, how to diversify, how to invest, Equities must pay for money when to sell, how to sell. and what it can rent it out for. The company secures capi Equities Notes Earnings tal to purchase real estate contracts through the sale of limited partnerships to Utah investors. During 1975, Equities completed one limited partnership, raising $300,000 in public money, and opened a new one. By years end the new partnership, Equities '76 - real-esta- te Associates, $100,000 of the $230,000 authorized by the. Utah State Securities Commission. Over $1.2 million in real estate 531-03- 531-033- contracts have been placed into the two partnerships to date. 757-016- 7 Argonaut Expands AMARILLO, Tx- Energy GOLD PROFITS semi-annu- al .1 Some suggestions will surprise you! Corporation penny golds listed and discussed. chapters, 177 pages, 4 appendix, Ten Argonaut 8V4 x 1 THE NATIONAL lsize. Acclaimed by national and international gold experts and financial editors. author, Norman A. Lamb, has studied Western gold mine geology for 20 years the only authority in this little known investment field. The and he is It is Subscriptions . S33-0SS- Second Class Postage Paid at gold investments. off SMALL FORTUNES SEND R. m Salt Lake City, Utah George Gregersen Publisher IN PENNY GOLD STOCKS 10 NOW Alene E. Bentley Editor Name Address. City State a Copy Company ahead of the crowd! Discover obscure penny golds before they get popular. your copy 35 Cents year Enterprise is published weekly by the National Enterprise PubUsh-ni- g Inc, S00 Continental Bank Bldg., P.0. Bai 11778, Pioneer Station, Salt lake City, Utah B4147. 6 (801) not too late! These unknowns will be the gold stocks of the future. The penny A new way to look 8 per The National gold action has barely begun. Be M Mail this coupon to: SRT Corporation P.O. Box 148 Vallejo, California 94990 Ryan B. Business Poulton Manager Mary McMillan Gabor Zip Staff Reporter Please send me copies of SMALL FORTUNES IN PENNY GOLD STOCKS by Norman Lamb at 10.00 each (California residents add sales tax). Enclosed is a check for NE has announced the opening of a district production office in Liberal, Kansas. Mr. Ray Vaught, production superintendent, will be in charge of the Liberal office. Vaught joined Argonaut in February. He formerly worked as a drilling and production consultant and as a production foreman with Coquina and J.M. Huber Corporation. Argonauts Liberal office is located in the Park Plaza Office Center at Seven East Eleventh Street. re-selli- ng Fifty-fou- r raised had Cydi Johansson Circulation Manager |