Salt Lake Herald-Republican | 1910-05-18 | Page 8 | Ibex Standard Takes over Vindicator Mine

IBEX STANDARD TAKES OVER VINDICATOR VIr MINE Consolidation of the Ibex and Vindi Vindicator Vindicator Vindicator cator mines was ratified at a meeting of ot stockholders in the Ibex and owners of the Vindicator held in Mercur Ac According According According cording to the agreement the capital stock of ot the Ibex Standard Mining com corn company pany Is to be increased from shares to shares of the par value of ot 25 cents each Of the new Issue of stock shares are to be given glyen to L E Kramer S D Gordan and James W v Sloane In payment for tor the Vindi Vindicator Vindicator Vindicator cator claims the remaining shares to be treasury stock The Ibex company Is clear of debt and holds absolute ab title to its four tour claims There Is 15 now on the dump ore that will average 50 a ton The ore shoot Is opened 50 feet on the tunnel level The Is down 40 feet show ing ore together with a streak of lead silver and copper sul sulphides sulphides A compressor plant Is to be Installed and development pushed with vigor At t the annual meeting of the Ibex Standard Mining company the follow tollow ing officers and directors were elected Richard Eatough president L E Kra Kramer Kramer Kramer mer vice president R It A Gray Gra secre secretary secretary tary tar W Y E Andrews treasurer and James W Sloan