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Show MINE COMPANY TAKING SHAPE Stockholders of the Bonansa Mining Min-ing company and the Frisco Lulu Mining company have been asked by their respective managements to attend meetings In Salt Lake City next week to consider offers relating re-lating to the organisation by A. E. McGarry of Milford of a new com-pan com-pan ia ba known a Saa Frsnnsi-n Mines. Inc. Plans for the new company. It I understood, contemplate incorporation incorpora-tion under the laws of the state of Utah and a capitalisation of 5.000,000 shares, par value 5 cent. The purpose pur-pose is to consolidate into one company com-pany the Frisco Lulu claim in the Frisco district, leased by the Frisco Lulu company to the Bonanaa company com-pany and by it to Mr. McGarry. and Mr. McGarry"s leases on several adjoining claims owned by the King David Mining company and the Horn Silver Mines company. Stockholder of the Frisco Lulu company will meet Tuesday to consider con-sider Mr. McGarry offer of 750.000 hare of stock in the proposed new company in exchange for Its property. prop-erty. Bonansa stockholders will meet Wednesday to consider Mr. McGarry' offer of 750.000 (hare in the new company for Bonanza rights In the Frisco Lulu ground. Directors of both the Boianxa and Frisco Lulu sre reported to have recommended acceptance of the offer of-fer Attorneys are now drawing up incorporation papers for the new company. It I contemplated that $25,000 will be subscribed in cash by the Incorporators. The Frisco Lulu company I capitalised capi-talised for 1.200,000 share, nearly all of which have been laeued. The Bonanza is capitalised for 1,500.000 shares, of which 1,200.15$ shares have been Issued. |