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Show SHAREHOLDERS OF GOLD ROAD MINE . TO GET $1 ,700,000 ! Shareholder of th Gold Boad Mining I and Exploration com pan 7 are ia receipt j of notice asking for tb deposit of their stock at tb First National bank in Los Angeles. Stockholders of thia company aro to shar ia th 11,600,000 obtained for tb property wbiek waa recently transferred to the Ualted Stat ftmslting compaay. Upon tb urreniler of the certificate ot stock, paymsnt will bo made at th rat of $3.80 a shar. Th sal price was t a hare, but tb agreement with William Bayley waa that k should rciv 20 esnts a ahar aa eommiaiion for hia work ia alosing np tb dal. The corn-miseioa corn-miseioa paid Haylev amounte to 60,000. but ha was at considerable expense in making trips to Europe to get consent of a majority of stockholders to the transfer. Tk distribution to shareholders of th Uold Boad company ia fo be completed com-pleted by August 4, after whieb a distribution dis-tribution si - tk money - sow ia.- tha treasury will b mad. yuit a large amount of money haa been accumulated by thia company from th aal of its bullion nine February, whieb ia aaid to aggregate SIUO.OOO. With the distribution dis-tribution of thia amount in addition to the trie paid for th mine, will give shareholders of th company 64.06 for their stock, which ia aaid to be a good prot on th 6 rot of th stock, as moat of it was sold for about 61 a ahar. , Th Gold Road propertie ar situ ated about twenty mile from Kingman, Aria. Sine th United Statea company took charge, it baa been planning to Increase In-crease th output from th property. Th mill plant ia to be enlarged from 100 to 150 ton rapacity, and the mine Is to be explored to a greater extent, so that then will be no difficulty ia extracting th tonnage that will b required re-quired to feed thia plant. |