| Show MERGER PLANS Ohio Copper to Ih hll Con on omi ll latr I Company F P Augustus and associates era Rr making some somo Important moves move con corning coming the rounding founding out ot of ihn tho Ohio o th Copper Consolidated te and other ther mining enterprise In ha this state Matt and anil following the tho dispatch 1 over oer the tho to jollock yc yesterday Indicating that them thOre would tull Iwi be b n a 1 reorganization of ot the Consolidated e an went meat of a share Another out eta Ut lining plan for the lie consolidation of the tho Ohio Copper Consolidated and Engla Eal flue Blue Dile Bell Del mines mineR Undoubtedly this has been ben the tho ob of ot Mr for tor somo some time ami Onti the thc notice sent scat ent out but to shareholders of or the tho the Ohio Copper COPI r company recently recent In lu o forming thorn of ot n a special meeting to Increate Increase o the capital tock stock sock front from 1000 1000 00 shares to shores shares was Wi Just Juston ono one on move In Iii the tho ton ot of the the pro proposed posed merger It J Is it inferred from tho lie that to nil all ni Con Coho Consolidated shareholders who pay pa l tho the 12 2 assessment will Wi be given tho time ty t to their shares for tor Ohio Ohl Copper and Ind Fagle muo Bel Hell stock lock It being time the purpose to retire retro shares hare permanently The dispatch concludes with wih the th fol rol lowing I It hits hi been apparent for tor torome some ome time that time the Consol company would bo ho unable to tim work out except through other property In addition to Us I hL of outstanding bonds bond It haa hol lma a I floating debt of Of Ot this floating debt lu Is I hold heM In lu Salt Bait Ike and an anIh the tho Ih remainder cr In Boston Doston Tho Ohio Copper COIl per company line has shares shari outstanding It lint has hi n a n well de diS developed d property ot of great ICI extent and Cad has had hal a mill 11 nearly completed In face ot tho financial dis dt 11 of ot 1007 1907 when Mr 11 be became became came Involved the tho Ohio Copper com corn company pany was vas 18 not no sufficiently financed It I needed to td complete the tion too of o Its iA it mil mil antI and an pay the tho floating debt Under tho the plan Ilan ns an 0 now proposed and which will vili wi bo ho laid before the stock within n a 1 tow few YOI days tho the floating Indebtedness s ot of the Dil I 11 Consoli Conol dated dalel company will wi be ho J eliminated and er will bo be given wi b flit opportunity ni to make l good IJo their loss s through the tho Ohio Copper company Tho The Ohio copper company will wi derive sufficient money from tho tito to company stockholders to moot meet mot Us its pres pren present pr n nent ent cot financial nn requirements The plan IE Ic to assess stockholders ot or the fling Bins ham Consolidated company 12 per share sharo which will wi provide For this assessment they will wi bo given Ien four tour and shares of or stock of at Ohio Copper on time tho ha 18 of o pet per share shar present selling price Is a share and for tor each share of stock hold held stockholders will wi bo ho given one of or o Eagle Blue Bla Bell company stock control control of ot which Is ha II now held heIr In Inthe tho the treasury ot of tho the Consoli dated date company com pan In order ordel to provide tho the stock to pay over to tho stockholders ers are ot of the tho th company the thid th Ohio Copper company will wi Increase o Its Is cap cp ital stock to 10 shares Tt It Is ha stated that tho the assessment of DC 12 per share will wil bo boo underwritten |
