Show SILVER KING amalgamated E D y e plans for the of the silver king and its new holdings record park city utah doubt as to just what sort of a deal requiring a special meeting of the stockholders of the silver king company as announced in this paper last week has ben removed by a circular letter issued by president david keith to the stockholders and made public this week the plan as outlined is to consolidate all of the property under the control of the silver king and turn them over to a company organized under the laws of nevada and to be known as the silver king amalgamated mines company that word amalgamated by the way sounds very heinze like and it is still thought by some that that gentleman still has his sights on park cites big mine in the new company will be shares of the par value of per share such shares to be fully paid and non assessable mr keiths letter calls attention to the recent purchase of sas jas mcgregors holdings in this camp amounting to acres and states that if the proposed consolidation is effected the number of acres owned by the new company will aggregate about 1 acres of the capitalization of it is proposed states the letter to allot the silver king company for its holdings apart from the property 3 known as the mcgregor holdings and which were acquired from the settlement of the late pending litigation the sum of or in other words to put the shares of the silver king company into the new organization on the basis of 25 for each share of the present silver king stock it is proposed further to allot to the kearns keath company of the capitalization of shenew company for its holdings which would be at the rate of for the shares of outstanding stock 0 of this company for what is known as the addena group contiguous to the property of the silver king and kearns keith companies it is proposed to allot of the capitalization of the new company or shares and for ten claims aggregating approximately acres now owned by thomas kearns it is proposed to allot of the capitalization of the new com company lany or shares it is also proposed to allot the so called mcgregor holdings of the capitalization of the new company this amount to be represented by shares of the capital stock this shares of the capital stock of the new company it is proposed to sell and dispose of at par parkin in order to meet at once the deferred bay payments ments upon the purchase price of the so called mcgregor holdings v iff itis stated that dividends from the king cp werd cusp on account of the S C contract 0 purd bAse of the mcgregor holdings to the effect that no dividends shall be paid until the full purchase price has been p paid aid mr mcgregor the selling at par of the above mentioned will give sufficient funds for the purchase price and a fund established for the resumption of dividends stockholders are earnestly re quested to investigate the points of the proposed consolidation and are urged to be in attendance at the meeting if possible the meeting at which the consolidation plan will be accepted or rejected will be held at the company offices in this city on april 10 0 |