Show DEMIJOHN CO DIVIDES GROUND Its Lucky Boy Group to Be e Turned Over to toa a New Company An important special meeting of ot the shareholders of ot the Pioche Demijohn Mining company was wa held in this city yesterday The meetIng as held eid for forthe forthe or the thc purpose of or voting on a proposition to separate the two groups of ot claims owned by the company and to author ize the incorporation of ot a new com corn company company pany to operate the Lucky Boy group in the Highland district about four miles distant from the Demijohn group The proposition was carried Concerning the details of ot the plan decided upon one of the officials of ot the Demijohn company said The Demijohn Mining company will receive the same number of ot shares in the new company as there are shares of ot the Demijohn stock outstanding at this date and the same will be divided among the stockholders in the Demi John company share for share The new company will take over a group of six claims in the Highland mining dis near Pioche with a guarantee in advance of a sale of ot its treasury stock sufficient to develop the ground at least feet In depth Although there has been comparatively little work done on the Lucky Boy group it already shows considerable ore of ot a marketable ity It Is a near neighbor of ot the Mend Jia lla and Milwaukee properties For the purpose of ot distributing stock in the new company to stockholders ers cre in the Demijohn company the lat tat ter will close its books on March 14 On that date stock will be issued to stockholders as their names appear on the books of ot the Demijohn company and in the amounts shown on the books There was represented at the meeting almost shares out of ot I shares Issued The yesterdays action is expected to relieve the Demi john Mining company ot of the burden of ot i carrying the expense of at developing the Lucky Boy group and will permit larger and more satisfactory develop development development ment of ot the Demijohn own ground Recent disclosures In the Demijohn have been ben of ot a most encouraging kind Splendid shipping ore has been opened up UJ IJ and the prospects for making a afine fine producer of ot It during the present year could hardly be better than they the are |