OCR Text |
Show " OIL & MINING JOURNAL Page 8 November 10, 1969 BETTER SERVICE setts GDorora The milling of uranium ore is expected to get under way on a continuous basis by Jan. 1 at Dawn Company's Mining rehabilitated Ford, Wash, plant. Earl M. Craig, resident manager said the firm plans to start up the mill a month earlier on a test basis. Dawn Mining is owned by Newmont Mining Corp. of New York (51 per cent) and Midnite Mines, Inc., of Spokane (49 per cent.) The $3 million mill has been and modernized at a cost of over 1750,000 since last Dec.l, and it will have a capacity CD d ed secretary-treasure- and r a director. Cliarles D. Oughton, named chairman of the board in September, president and of 500 tons was elected chief executive officer to succeed Mr. Dawson, been rehabilitation work at the mill and the mill crew will number 37, he said. Since the middle of August Dawn has spent some $250,000 cleaning out and redesigning pits at the Midnite uranium mine on the Spokane Indian Reservation, and mining and trucking the ore to the mill some 20 miles away. In open-p- it mining was resumed and about 50,000 tons of ore have already mid-Septemb- er Dawson and Greene resigned for personal reasons. He said UN had I n d u stries' headquarters been moved from San Antonio, Texas, to Kenilworth, where Mr. Oughton maintains offices and directs operations of the companys Contone division. proceedings A settlement of initiated against Golconda Mining Co. and H.F. Magnuson, of Wallace, by the Securities Commission and in Exchange 1967 was announced. The stipulation entered into is not an admission of any violation of SEC regulations and is solely for the purpose of disposing of the proceedings, the joint statement by Golconda officials and Magnuson said. were Norman Skogstad, partner in the Under terms 21-3- between fley and Hecla Lucky w, C. Harrison, Spokane attorney and former Nancy Lee manager and counsel, bad voted the stock at previous meetings by proxy for Harrisons widow. A suit was recently filed by Nancy r Lees management to present tbc recover if ' for veterinarian thoroughbred R. Altos Los Hills, Sainsbury, Calif., independent consultant in visual communications and photography, and Sol Margolis, president of the Liberty Motor McKenzie, attorney, 2476 Washington Blvd. of 399-556- 6 McKenzie & Baer, Dallas, Texas. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Circular. NEW ISSUE FOR UTAH RESIDENTS ONLY 6,250,000 SHARES HI FASHIONS, INC HI FASHIONS, "insider d information regulation. INC., was organized for the purpose of designing, manufacturing, buying, selling, importing, and exporting wigs, both men's and women's hair pieces, and all types of clothing and wearing apparel. PRICE PER SHARE 2 Cents Copies of the Offering Circular may be obtained from the Underwriter. FIRST FIDELITY UNDERWRITERS 249 East Fourth South Salt Lake City, Utah 521-680- 0 INVEST!!! IN PROFESSIONAL WORKMANSHIP SPECIALISTS IN SERVICE FOR IBM EQUIPMENT that Lester Harrison illegally acquired the stock at an assessment sale. stock, charging One Year unconditional guarantee II in Carriage reg. $350 Starting at $300 Mail orders accepted from out of town. in Carriage Price $425 15 Diamond drilling for the downward extension of the Keystone silver vein is starting level of the on the 940-foNancy Lee Mine near Superior, Mont., the firm said at the October meeting. ot SALES - 7 i . p j blimps 136 L South Temple Phone: 1 374-825- ; jj 'Save at least $9 per unit on Maintenance PHONE 364-197- Provo 163 N. Univ. Avo. Phone: 7 4 Contracts MARKET SPECIALISTS Salt Lake City 2000 Univ. Club Bldg. v 62 Facilities in Ogden INVEST WITH OUR development and begin 521-35- And Complete Machinery Company, Chicago. Named secretary was William Silver-Lea- d Mines Co. were announced; and to pay persons to whom Golconda sold Lucky Friday stock in that period the difference between the price paid and 31, the closing price on September 10. Magnuson sold no Lucky Friday stock in that period. Golconda and Magnuson also agree to an order enjoining them from violating Section 10 (b) of the Securities and Exchange Act, so-calle- Utah SLC, Fla., Leonard horses; & 210 Kearns Bid; Members Salt Lake Stock Exchange corporation will assume risk, do active Oxnard, Calif. 93030 Beach, Pompano the in the 0TC market Stocks & Mutual Funds iVj STiV.r'NI new P.O.Box 5316 law firm of Wickham, Borgett, Skogstad & Powell, Milwaukee, who also was named assistant secretary; Dr. Donald W. Jensen, race Offering Service REPAIRS OVER-THE-COUNT- production. Send description to JS Consultants COMPANY & RENTALS ' Aggressive v t . ; i. ARE YOU TIRED OF HOLDING PROMISING PROPERTIES? - ; FACTORY RECONOITIONEDfBr.'lTYPEWRITERS attorney, was not voted. William Harrisons son-in-la- BETTER OCdggfs 70 Du BETTER S 3, the Friday of agreement, Golconda's liability is limited to $30,289 and Magnusons to $4,209, plus interest. This arises from their agreement to pay to persons from whom they purchased Hecla Mining Co. stock between June 28 and September 10, 1963, the difference, if any, between the price paid and 8 the closing price of Hecla on September 10, the day terms of the merger agreement BETTER SE mid-196- seflflO 5(1(2 BETTER SER the Craig, Dawn's manager when stockpiled, manager, adding that the firm the - mill closed down in with fulfillment of a 5 hopes to have another 50,000 tons stockpiled by the end of government purchase contract for the companys production, 1969. Dawn Mining will ship the returned to the plant last June yellow cake end product of from Carlin, Nev., where he was the mill east for refining and sale superin tendnet of Newmonts to New York area power firms Carlin gold mine. t under previously announced sales contracts. Midnite, which started call for Dawn's These contracts operations in 1956, delivery of 2.5 million pounds of received nearly $1 million a year uranium oxide from Jan. 1, in dividends for a number of and the firm years from its interest in the 1970, to mid-197has an option to sell an operation. During that time it additional 1.5 million pounds in disbursed almost $6 million to stockholders. the succeeding 2 Vi years. that Elected directors BETTER SERV said sCaoinies continuing as chairman. Mr. OugHton said 1(0 guddDDdddj it been the on working Q(3lnl(cl(jQ7 SPOKANE a day, the same as had before it was shut down in July 1965, Craig said. From 20 to 25 men have DEKalcuso Paul KENILWORTH, 111. Dawson has resigned as a director of UN Industries, Inc., here, and Frank J. Greene has resigned as newly-headquarter- Fe 359-700- j 5 209 E. 3rd SO. SALT LAKE CITY, UTAH PRECISE PROFESSIONAL ePERFORMANCE |