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Show WHITE CAPS MERGER IS NOT CONSUMMATED At xhb special stockholders' meeting of the White Caps Leasing company of Manhattan, held In Tonopah late last week, the deal for consolidating with the associated Milling company could not bo considered owing to tho absence of the necessary number of shares. To put the deal through necessitated that the aflrmatlve vote would have had to bo 575,000 shares of stock, and there were onlv 473,000 shares represented. The notice calling this meeting explained ex-plained the stock end of tho deal as follows fol-lows That a now incorporation be formed of 2,500,000 shares non-assessablo capital stock. That from this company the Dexter Dex-ter White Caps Mining company be paid-777,723 paid-777,723 shares to exchange for tho present pres-ent outstanding stock of thc company, share for share. That" for the total equity in the White Caps Leasing company com-pany 250.000 shares be apportioned. Following this plan, tho new company will have 872,277 shares left In Its treasury, treas-ury, to lie ued In the purchaso of adjoining ad-joining available properties and also to equip a large cash treasury fund from sale of treasury stock, the carry on extensive ex-tensive mining operations. |