OCR Text |
Show lift plans spt ahead, report shows The erection of a ski lift in this area came nearer a reality this !week with announcement an-nouncement from Washington that a Provo corporation of 'hich screen actress Ginger Ro?ers is a director, asked the Securities and Exchange Com-, Com-, mission (SEC) Monday for Permission to issue stock to develop a ski and summer re-rt re-rt area in the Wasatch Mountains, Utah. The firm which is known as Seven Mountain Corp., pro-Poses pro-Poses offering 3,500,000 shares f common stock to the public at U per share for the project, pro-ject, according to report. ft is further reported that "e corporation plans to con-. struct facilities to carry pas-; angers from a valley terminal wtween Provo and Springville to the top of a 9,000-foot muntain peak. It also proposes building a ""fountain village with other ski lifts and facilities for tourists. |