Salt Lake Tribune | 1905-06-11 | Page 11 | To You

TO YOU W. V Rice and Jamea Farrell have decided to give investors an opportunity to partake of tho future prospects of the Gibraltar Mines Syndicate. 500.000 shares Of sto. k of the par value of 1.00 have been placed In the treasury, nnd 100.000 of theso are offered to the public for subscription at 65 cents per share. The entire capitalization capi-talization of the company is 1.-500,000 1.-500,000 shares of the par value of $1.00. and all shares are full paid and non-assessable. This offer Is made, not because the Incorporators are In need of any money, but because It Is tho practice of all mining companies. In order to make a market value for their securities, und to pro- Ide funds for development work for a property that Is already paid for In casta and turned over to the company absolutely free of Indebtedness, to sell a limited number of shares of treasury stock. The Oy that will be realized from i alo of this stock will be used for development work. It Is not. believed that It will be nscessp r dispose of any morn share- .1 11 those now offered to provide ample funds to operate the property and put the com-puny com-puny on a dlvldend-paylnsj basts. Should that be necessary, however, how-ever, 400,000 shares remain, and the Incorporator! are wining at tiiiv time to take these shares and pay for them at th market ulue. It Is, of course, Impossible ut this time to prognosticate the future fu-ture value of the company's shines, but If the property on development, shows that it is the ore-producer that the mining engineers en-gineers say It Is bound to become, be-come, $10.00 per share Is not an exaggerated Idea of what the price should be within a year or two. Every lesson that has been taught practical and successful mining men will be used to the lasting advantage of the Gibraltar Gibral-tar Mints Syndicate, and everything every-thing that backing by men of fortune con do for the credit of the company will be done. Reservation of shares can -no telegraphed or mailed to W. H. Clark, secretary, Gibraltar Mines Syndicate, Exchange Building, Qoldfleld, Nevada, and remittances remit-tances should follow by mall In full at the price of 55 cents per share. Prospectuses. press notices, maps, mining engineers' reports photographs, and other particulars particu-lars will be mailed on application.