OCR Text |
Show MASH HE TO BE DISSOLVED AND ITO DISTRIBUTED At Hi Knight mines office in Prov'o thia morning the special meetinf of shareholder of the Uintah Treasure Ifill" Mining company waa held. There wore 43,300 iharea represented out of a total issue of 100,000. and resolution wer adopted for presenting a petition to the court to have the incorporation dissolved. dis-solved. About nine month! ago the sharehold-en sharehold-en made a deal with the Silver King Coalition Mine eoaapanr for the aaie of their properties in Wrk City, the consideration being for (11)0,000. Two haIm wer ffivev hv 4 ha Kin MmntBT for f'O.OOO rich, payable six and twelve months fro d-t" ecution, but a short time ago tha King comj decided to di .... ...... aud dis charge the indrhtedneee. After discounts dis-counts were allowed and some intereat paid be"" Teeaanea b 4tl4' 'eonpanveaw ixed Ho000. This money is now in thf treasory and it will be dtstribntcd eqttally among shareholders, which will 1 realize about 10.7 cents a hare for their stock. rHnee the King obtained possession of this group of claims, which comprises more than 00 acre, it haa extended its lower workings into this ground and opened up a large tonnage of good ere. Tha Treasure Hill people had already expended more money than the property waa sold for in explorations, but failed to locate the pay ore deposits. When tha King purchased the property it was considered a valuable acquisition to its already large poeaeasiona, and the wisdom wis-dom of the purchase has already been proven, and another piece of mineral property ia that Camp has Vn made productive. - v |