Show western may acquire excalibur uranium co western development co of santa fe oil and gas producer plans to acquire the excalibur uranium corp of utah william E president said recently in an letter to share owners said the company also would build a mill to produce lead and zinc concentrates near santa fe as part of a program to further develop its lead and zinc properties per ties he reported that share owners of Exal excalibur ibur representing sufficient t stock to assure completion of the ge transaction have accepted western developments terms if ladof au of the outstanding securities of excalibur are acquitted western development will pay in cash and issue aa additional dit ional shares of western development stock he added western development was incorporated corp orated last may and finance through a share offering marketed by J G white co it was founded on the basis of existing oil and gas leases covering gross voss acres 23 of which are located in the san juan basin of new mexico |