OCR Text |
Show The National Enterprise, December IS, 1976 Page ten Jenex Annexes Leases to Jumbo Gold Property COLVILLE, Wash. Jenex Gold Corporation (OTC .03, .05) has purchased a 100 percent interest in 80 acres of deeded mineral rights adjoining its Jumbo Gold Property in the Pioneer Mining District of Amador County, Calif. According to company president Norman Lamb, strong geophysical structures detected in the past two seasons of work on the north end of the property are headed into the mineral rights area. Lamb said the company is planning a geophysical survey and geochemical soil sampling for the area. Additionally, Lamb said, a wholly a Corowned subsidiary called poration has been formed to hold title to all Jenex-Nevad- of Jenex Golds properties in that state. The a and joint venture between Volcanic Gold, Inc. (OTC .03, .06) presently owns five uranium prospects in Washoe and Churchill Counties, Nevada. Its Lost Partners uranium property in the Pyramid Mining District, Washoe County, has been Jenex-Nevad- dividends Forest oil, 15 cents per share extra dividend, payable Dec. 31, to shareholders of record Dec. 21. ACETO Chemical Co., 2 percent stock dividend, payable Jan. 21, to shareholders of record Jan. 3. The company paid a similar dividend one 5-1- year ago. Fred Meyer, Inc., raises quarterly dividend from 9 cents per share to 10 cents per share, payable Jan. 10, to shareholders of record Dec. 23. . sold to The Flowery Gold Mines Company of Nevada. Some exploration work in the form of rotary drilling on the joint ventures Victory Divide and Karen Dean uranium prospects in the Dogskin Mountain Mining District, Washoe County was recently completed by Southwestern Development Company of Lamb did not report Pasadena, Calif. results of the exploration work. MSR Gordon R. Christensen , a Salt Lake City real estate broker, has been named chairman and president of Pacific Air Transport International, Inc. OTC . 015, . 025 . He succeeds Harold D. Stoker, who, along with all other officers and directors of PATl, has resigned from the company. Pacific Air Transport has abandoned its modular housing plans for Iran and recently signed a contract with Glen Stewart Whiskey, England, for exclusive distribution rights of the scotch whiskey in North America. Florida Glass Industries Incorporated OTC 2.00, 3.00 has named II, J. Bud Shelton district director for its Georgia operations. Shelton also continues as vice president and general manager of the company's Atlanta subsidiary. Glass Specialties Inc. In addition, he will supervise the Glass Specialties branch in Macon and All Southern Glass Co., another subsidiary in Savannah. Shelton is a past president of the Georgia Glass Dealers Association, 1974 and 1975. The Northwest Investment Review recently announced that C, Robert Ilolman has been named Intermountain Area Manager. Formerly editor of Univest, and most recently a correspondent for the Review for the past two years, Holman joins the staff on a full time basis. Finds Developer LAKE CITY A private Oklahoma natural resources development company SALT Going public is tough. seat is even tougher. Keeping has agreed to sublease and develop some properties held by Mountain States Resources Corporation (OTC .18, .21) in Emery and Sevier Counties, Utah if and when the Interior Department issues federal preference right coal leases on the major portion of the acreage. Going public can be a great opportunity for growth (stock can often facilitate acquisitions) . . but its not much consolation if youre left on the outside looking in. We can make your company public and keep you in control. No need to worry about months of delays, either. We move . - quickly and precisely. Talk to us before you give your company away to a board of directors. You built it; you should keep it. Mountain States said MARAD Exploration Corporation has agreed to pay them QUaiiam minimum advance royalties, to be credited against royalties on actual production, of $18 million over a 20 year period. 747 cnirrtiw (Corporation E. South Temple Salt Lake City, Utah 84103 (801) Mountain States holds five leases under the preference rights coal leasing 531-623- 6 Contact Richard L. Chatham, President Salt Lake City (801) 6 531-623- I Florida Glass Sales Gain MIAMI Florida Glass Industries Incorporated (OTC 2.00, 3.00) gained 30 percent in sales and 25 percent in net income for the first six months ended Aug. 27, 1976, compared with the corresponding period of 1975. Sales were $5,765,172, up from $4,446,234. Net income was $82,118, or 21 cents per share, up from $65,634, or cents per share. A 17 company spokesman attributed the gains mainly to greater demand for safety glass, including tempered glass, which is a product of tempering plant in Tampa. Sales were up in most of the companys 14 locations in Florida and Georgia. With over 1600 stock quotations, news articles, earnings reports, corporate profiles, market columns and feature stories, the National Enterprise covers the OTC securities market from coast to coast. behind closed doors of to know what's going on in the industry--frocorporate board rooms to changing securities laws and regulations. We'll keep you posted on the We make it our business m latest developments and abreast of current trends. The National Enterprise gives your investments the kind of coverage they deserve. Please send me a one-ye- ar subscription to the National Enterprise. Enclosed Is $24.00'. FGIs . ZIP Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY, UTAH 84147 |