Show Me Merger ger Joins Red Hill al arid and d C Colonial lonial MOAB MOAn Utah Aug 11 Red RedHill RedHill Hill Uranium Co of ot Moab soon will wilt absorb Colonial Nuclear In Industries Industries Industries In In- of Grand Junction Colo under an agreement approved by directorates of both companies it was announced here ere this week Jack C C. Turner president of Red fled RedHill Hill said his company will take takeover takeover takeover over Colonial Nuclear management management manage manage- ment meat In a stock exchange tion One share of Red lILiI will wilt be exchanged for lor two of Colonial Nuclear Nuclear Nuclear Nu Nu- Nu- Nu clear Turner said Colonial Nuclear Nu clear has approximately shares of stock outstanding The merger agreement Is la subject subject sub sub- Jett to approval of stockholders of both companies Robert 1 I. I Ludwig is president of Colonial Nuclear Colonial Nuclear assets total according to company records Turner said the company has an Income of approximately per month from uranium and oil properties Merger of Colonial Nuclear into into in in- to Red River marks another step stepIn In the Turner company's expansion expansion sion slon program Negotiations on other mergers are in progress and andRed andRed andRed Red Hill Hili also expects to announce soon the purchase of a major producing pro during mine in the Canyon area of San Juan county Utah |