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Show The Motional Enterprise, September 15, 197b Liquidity Enhances Merger Plans SALT LAKE Christensen, Inc. (OTC 17.00, 17.50) of Salt ' Lake City has announced it has agreed in principle to merge with Norton Company of Massachusetts, a diversified company dealing in abrasives. Fuller said no change in management of Christensen, Inc. is expected. "It is understood Christensen would maintain autonomy," he stated. Wor-cheste- r, Santa Anita Under the proposed merger, Norton would issue .56 shares of its common stock in exchange for each share of Christensen. Norton would issue about 2.7 million new shares. It currently has about 5.4 million shares outstanding. The value of the transaction is estimated to be $100.6 mil- first announced in July, Fuller said he anticipated approval of the merger from directors and shareholders of both companies by 1976. November. WICHITA FALLS, Tex. Oakridge Exploration (OTC .45, .50) successfully completed a flowing oil well in Callahan County, Texas, says Noel Pautskv, Oakridge president. The 105 barrel a day well, in which Oakridge has a final 31Vi working interest, is Discontinues Construction market, lack of absorption rate (our properties aren't selling) and high interest rates," summarized Alec Ingle, treasurer of Santa Anita. Santa Anita owns other operating companies such as a thoroughbred horse racetrack in Arcadia, California, and Hadley Auto Transportation, a NOT INTERESTED? o Juristics Securities Law Seminars help you avoid problems under securities regulations. They're education on tape to protect you and your clients. Complete, current, concise seminars covering the field of Securities Law, you learn at your leisure from experts. Listen and learn while you commute to the office, while you have lunch, in the evenings as you relax at home. O o album with compendium investment of only $1 00.00. Any one of the save could you many times its modest cost. All for the small may wish that you had been taking q AON. Join those in the know. Learn O comments. expert writers and O u A Leading Gold Newspaper Since 1933 FREE Choice of Two Popular Books O Gold! The Ultimate Hedge or T3 "Gold Panning for Profit sent with O Subsc r iption 9 Issued Monthly Money refunded j . 9- - g CL not delighted AMERICAN GOLD NEWS P.O. BOX 457, DEPT.NE Gold-Gol- d Gold-Gol- d i ! j i i Juristics, Inc. 233 Parker, Suite sessions . Please send me the Juristics 1 2 Cassette Seminar on Securities Law. My check for $1 00.00 is enclosed. Name ! Street Address 1 City J Gold 101 P.O. Box 11126 San Francisco, California 941 01 Charge my lone. CA. 95640 Gold-Gol- d 2 Send for your Juristics Securities Law Seminars now. $6Per Year if 1 JURISTICS o about gold stocks exploration. O mining, legislation, gold in economy. read status. 12 Cassette Seminars in handsome That s Okay, but better keep this ad handy in a few short months you and exceed $63,000 monthly and are rising significantly as additional wells convert from royalty to working interest hand for sweaty palms -- G counties, Texas, presently A helping national firm. It also participates in commercial development, Ingle said. "The Robert H. Grant business will be wound down over the next two years, as we sell assets," he said. CD . number of additional tests. Oakridge recently participated in four other wildcat oil tests of which three proved dry and one resulted in completion of a small producer in Stephens County, Texas. Pautsky said that revenmajor 49 property, producing gas wells in Edwards and Sutton ues from Oakridges LOS ANGELES Santa Anita Consolidated, Inc. (OTC 7.00, 7.50) has discontinued operations of its subsidiary Robert H. Grant Corp., a home building company in Newport Beach, California. "The home building business has been subject to losses in the last few years because of a downturn in the oO 1t located on a 1600 acre lease block, which Pautsky thinks will allow for an undetermined Security Brokers, Dealers, Corporate Officials, Attorneys. Operations lion. This merger would give both companies a better base to grow from," commented Gil Fuller, treasurer of Christensen. "Both companies use diamonds, and would benefit in the tradeoff in technology and research. We could both expand our he conproduct lines, tinued. Shareholders would receive greater liquidity, he said, because the merger would generate more institutional banking interest in the purchase of shares. "Together were large, but separate, were not so large," he said. The merger talks were Oakridge Notes Completion State , Bankamericard Account Number f ! Zip Master Charge Expiration Date Signature ? |