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Show The National Enterprise , September 22, 1976 -- Emery Coal Signs Option for Leases SALT LAKE CITY Emery Coal, Inc. (OTC .40, .50) has president, R. J. Hollberg, Jr., commercial quantities of uranan signed option agreement ium ore have been produced in with Ralph Noonan. Devon the past from the claims and Hurst, and Delores Hurst, of the area in which they are Blanding, Utah, for the acqui- located is presently the object sition of 14 uranium claims of exploration programs conlocated in the Elk Ridge area ducted by Utah Power & Light of the White Canyon Mining and other firms with energy District. San Juan County, interest. Emery Coal is conUtah. The agreement was for ducting its own exploration of an undisclosed sum of cash. the claims as part of the option to Coal According Emery agreement. Spot News ... , DIVIDENDS Diamond Coal (OTC 8.00, 8.50) has declared a 10 cent extra dividend and a 10 cent regular dividend both quarterly payable Sept. 30, to shareholders of record on Sept. 24. Continental REIT (OTC 7.25. 7.76). Equities. Inc. (OTC .75, 1.25) has increased its dividend to 3 cents per regular share payable Oct. to shareholders of record semi-annu- al 1 Overmver Corp. (OTC 3.75, 4.25) declared a Sept. 27. regular dividend of 7 cents payable Oct. 4, to shareholders of record Sept. 27. Ripley Company. Inc. (OTC 5.50, 6.50) will pay a regular dividend of 8 cents per A quarterly dividend of 20 cents is Oct. 15. on Oct. share to shareholders of record payable 15 to shareholders of record in Sept. 30, of First Sept. 24. semi-annu- al Security Brokers, Dealers, Corporate Officials, Attorneys. Clear Air, Inc. OTC .19, .23 Ogden. Utah has been authorized by the U.S. Navy to proceed with the second phase of a solid waste disposal system to be used aboard ships. Authorization for the $279,000 project was granted following successful demonstration of a prototype model built by Clear Air and Thiokol Corporation, Wasatch Division, the major subcontractor. Jetero Corporation OTC 3.625, 4.00, Houston. Texas, has begun construction on a S5.6 million addition to its existing Snug Harbor apartment development in Houston. The first units of the 324-unexpansion project will be ready for occupancy on Feb. I, with completion scheduled for September, 1977. The company will borrow about $4 million to finance the expansion. it Dowdle Texas, has County for gravity oil. OTC 1.75. 2.25, Midland, completed a 9,000 foot test well in Midland a daily official potential of 204 barrels of 40 Dowdle will retain about a 20 percent net profit interest plus a portion of the working interest in the well. Oil Corporation Medicenters of America Inc. OTC 2.625, 3.125 has announced it will repurchase 100,000 of its own shares occassionally in the open market. It expects to use part of those shares in connection with employee benefit plans. The company has been advised that another company has been purchasing Medicenter common and soon expects to hold 5 percent of the company 's 1, 434, 000 outstanding shares. A loan agreement with Continental Illinois National Bank & Trust Co. of Chicago has been signed by R. L. Bums Corp., San Bernardino. Calif, which will act as agent bank for a revolving line of credit of up to $100 million. The company has drawn down $52 million of the new line to repay its existing bank debt. Reserves calculated from underground drifting in the main known ore zone by Ladd Enterprises, Inc. OTC .875, 1.25 at its Quailey Mine, Mineral County. Nevada, show 4.000 tons positive, 5,000 tons probable and 103,000 tons possible of copper, zinc, and silver ore averaging better than $70 per ton at present prices. Northwest Bancorporation. Minneapolis, has reached an agreement in principle for the acquisition of the First National Bank of Fort Dodge, Iowa through an exchange of 2.8 shares of common stock of Northwest for each of the 68.000 shares of First National Bank. The First National Bank of Fort Dodge had deposits of $62.2 million in June 30, 1976. Phillips Screw Co. OTC 1.25, 2.00 has terminated merger discussions with Centennial Industries, Inc., a An private diversified concent based in New York. agreement in principle had been announced by the company Aug. 31. Neither tenns of the discussions nor reasons for termination were given. Envirodync. Inc. OTC 2.625. 3. 125 said its negotiations for the acquisition of Oil Resources. Inc. were terminated by mutual agreement. No reason was given. hand for sweaty palms A helping Juristics Securities Law Seminars help you avoid problems under securities regulations. They're education on tape to protect you and your clients. Complete, current, concise seminars covering the field of Securities Law, you learn at your leisure from experts. Listen and learn while you commute to the office, while you have lunch, in the evenings as you relax at home. Cassette Seminars in handsome album with compendium 12 All for the small investment of only $100.00. Any Basin in Wyoming. one of the 12 sessions could save you many times its modest cost. JURISTICS Send for your Juristics Securities Law Seminars now. Juristics, Inc. 233 Parker, Suite 101 P.O. Box 11126 San Francisco, California 94101 Please send me the Juristics 1 2 Cassette Seminar on Securities Law. My check for $100.00 is enclosed. Name Street Address State City Charge my Drilling will begin soon on an oil well in which Quantex Corporation OTC .04, .06 Salt Lake City, has a 5 percent overriding royalty interest. The well will be drilled to a depth of 8. 500 feet in the east central portion of the Powder River Pane nine Bankamericard Account Number Signature i 1 Master Charge Expiration Date Zip |