Salt Lake Telegram | 1932-07-18 | Page 11 | Stockholders Okeh Rio Tinto Deal

STOCKHOLDERS OKEH RIO TINTO uNTO DEAL The agreement reached June 29 by which a controlling Interest in the Rio Tinto copper property of Mountain Moun Moun- thin tain tin City Nevada W was transferred to the International Smelting company corn com com company pany was ratified by Rio Tinto TInt stockholders stockholders stock stock- holders at a special meeting Monday morning Under the contract the ownership and distribution of at shares more or less of at Rio Tinto Tito class A Astock Astock Astock stock by Ogden C. C Chase A. A cass H H. Kelson Kelson Kel son and S. S F. F Hunt of ot the Rio Tinto to the smelting company was provided provided pro pro- pro vided for Beside ratifying the sale agreement the stockholders assented to a clause in the contract specifying that the te board of at directors of the Rio Tinto I should be increased by two from Jive to seven members The choice fell fellon fellon fel on William Wilam and ad A. A D. D Hunter Huter Other Oter directors include Mr Chase who is also president J. J O. O Elton Elon vice president and arid managing director tor P. P T. T Farnsworth Farnswort Jr S. S F. F Hunt Hut Tom Lyon I I Plans have already been made for forthe forthe the Ithe enlargement of the Rio Tinto Tito shaft from Its it one-compartment one dimension When this is done further i development develop develop ment plans will wi be ready for consideration consideration consid consid- officials state