Show Monte Cristo Splits Stock i iC C Changes anges Name Nam Monte Christo Uranium Corporation Corporation Corporation Cor Cor- has voted a 10 to 1 reverse re reverse re- re verse split in stock and changed the name of the corporation corporation- I president Richard said Tuesday L in Moab One share of stock will be Issued under the name of Monte Christo Corporation for every ten shares of old stock In th the s reverse revl'S e split pUt The TIle Intention is ds to maintain or boost par value of th the stock stoic retaining the same capitalization tion Mr said The new name for tor the corporation carries no implication of the demise of uranium mining but was done because the company anticipates diversification Monte Christo owns properties in Cane Springs Canyon near Moab and oil oU and gas leases Inthe in inthe the Paradox Basin Uranium Reduction Company in July picked ed up an option on 29 of the company's claims in Cane Springs Canyon They were sub leased by now Atlas Minerals to 1 local 0 C a 1 opera operator tor Charles Chares Brechtel of Ouray Uranium Uranium Ura Urn alum who is mining the claims now The production Is i the nearest nearest near near- est to Moab of any active rain min mining raining ing operation Mr also said that the annual stockholders meetIng meetIng meeting meet- meet Ing of the corporation would be beheld beheld beheld held this year for tor the first t time in Moab They will meet September September September Sep Sep- 29 at the Towns Tone and Country Club dub here It will be the eighth anniversary of the company's company's com coin pany's founding the president said |