Show BIOt BEAVER MERGER UNDER consideration plans are maturing tor for a large consolidation sol soli dation of balne properties in the beaver lake district about a dozen mines northwest of milford Ml lford if approved at a special meeting to b be e hel held d I 1 later this will take in under one head the extensive holdings of the utah united copper beaver copper and beaver lake metals this embra embraces ces thirty one claims and fractions actions tr representing I 1 approximately acres manager A J mcmullen of oc the beaver lake metals has just Is saed issued a notice to the stockholders which the situation the following 1 Is quoted 1 As AB the three companies now stand not any one of these companies Is able to produce a working capital ahat will do any roal real mining development 1 2 shares of stock enter into i a conse conservative company ot of 1 shares w 3 you acquire a mining property of unquestioned merit on which work has been pr prosecuted to depth and lack bt bf depth has been the cause of many of the failures in mining in this district arldt 4 your corporate estate will comprise r thirty one locations your company I 1 will have machinery tor for sale the proceeds of which will go toward ibo development work 6 corporation and general taxes will be eliminated and by working together ge theron on a property of proven merit wo we may consistently expect results the rutih etith united stock outstanding shares have cost the stock holders 14 12 1 2 cents a share the beaver copper stock shares outstanding have cost the 5 6 14 1 4 cents ta v aam ataro the beaver lake metals stock shares outstanding have cost the stockholders 3 cents a share the united owns 14 12 1 2 full cl claims alms two patented ono one ot of the patented claims holds a spring ot of good water the property Is equipped with a 25 horsepower steam hoisting plant and a largo large pumping plant to pump the water to the mine the beaver copper owns tour four claims and to Is equipped with a plant similar to the metals plant the metals owns thirteen lo 10 citations most of which are fractions A now new company will be formed which will possibly be known as the smelter mining company with a capital of shares the stockholders of the utah united and the beaver copper will take share tor for share as now hold held ot or shares and we offer to the beaver lake metals the opportunity of jo joining n in this consolidation anthe basis of giving the metals the opportunity of joining in this consolidation on the basis of giving the metals stockholders one share for two as now hold held with tho the further provision that each stockholder will pay an assessment of one ne fourth cent per share on the stock which he retains all stockholders consulted have agreed to this proposal and they consider it a move in the right direction |