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Show The National Enterprise , February 16, 1977 Page nine Permaloy Sets Priority Continued from page two bodies are testing the allowed to test the Permaloy Permaloy hardcoat on these components. James proudly process. It appears highly probable that, regardless of which company gets the announced Minneapolis Honeywell has completed its testing and specified the Permaloy PCA process for hardcoating the bullet hous-ing- contracts, the Permaloy hardcoating process will be used," James said. s. Fiscal 1978 will most likely benefit from energy Valcartier Industries, which is working with European countries, has also being expended nowr, he said. But six month figures for 1977 already show net income more than double that of the entire fiscal year 1976, James pointed out. Earnings for the year totaled tested the coating and found it highly satisfactory for their aluminum cases. The third. Aerojet after using a different process to begin with, told Or-danc- e, $8,718, while for the six months ending Nov. 30, net income stands at $18,990. Permaloy it didnt work, and requested that they be g ALL ABOUT 0 O 1 0o HD O O Q- - ao 1 Join those in the know. learn about Gold and Silver w in the 3 economy, and finance, investment, stocks, mining and exploration. Read O 3 what the experts have to say. q provides the most thorough coverage O of any publication in its field. 12 ALeadingGold Newspaper Since 1933 S 2O Your FREE choice of two popular books, t? Gold! The Ultimate Hedge or 32 Hedge Yourself Against Disaster O sent with subscription. O q 1 $10 per year (For sample Issued Monthly copy send $1) jD Money refunded O AMERICAN GOLD NEWS P.O. BOX 457, DEPT.NE O o O if not delighted lone, CA. 95640 HealthGarde q 6 ; o a. qO ao O o ao Apparel Manufacturers Consummate Merger Pact EL PASO. Texas entitled to the benefits of a sinking fund commencing in 1982, designed to retire the entire issue by 1991. The stock has a liquidation preference of $25 and is entitled to a cumulative annual dividend of 50 cents a share accruing from Oct. 1 , 1978 subject to increase and payment of dividends at an earlier date under certain circumstances. Both companies are manufacturers of young mens and boys apparel. Billy the Kid Inc. (OTC 5.75, 6.25) and Mann Manufacturing Inc. (OTC 2.375, 2.875) have completed a merger of Mann into a unit of Billy the Kid. Under terms of the agreement, each Mann stockholder will receive one share of a new issue of Billy the Kid cumulative convertible preferred for each 5.185 shares of Mann common held Feb. 8. Each share of the new preferred is convertible into 2.5 shares of Billy the Kid common redeemable at any time, and is Delhi Intl Oil Offers Compromise Settlement DALLAS, Texas Delhi International Oil Corporation 5.125, 5.50) announced that it has entered into an agreement of compromise and settlement of a class action lawsuit filed against it in 1974. The lawsuit sought payment by the company of a five percent Subordinated Income Note in the principal amount of $4,100,000 issued by the company in 1964. ( The settlement is subject to compliance with certain state and federal regulatory requirements, the company said, and the approval of the fairness of the settlement by United States Judge Robert M. Hill of the United States District Court for the Northern District of Texas after notice to the class. The plaintiffs and class representatives in the lawsuit are holders of Delhi Contract Units, which represent undivided interests in certain Reserved Interests Oil retained by Dehli-Taylor Corporation in connection with the liquidation of that The company in 1964. Reserved Interests include a stipulated portion of the proceeds from the Subordinated Income Note. The note MEDICAL COMPUTER SYSTEMS AND RURAL HEALTH SERVICES has accrued interest at the since issuance rate of 5 and as of April 1, 1976 the accrued interest aggregated $3,117,600. The settlement agreement provides for the full and final satisfaction of the company's amount Subordinated Debentures due April 15, 1981, and $2,500,000 in cash, plus interest of eight percent on the Debentures and seven percent on the cash from April 1, 1976. Delhi said payment will be made when the judgment of the court becomes final, but not before April 15, indebtedness under the Subordinated of its Convertible In- come Note. Delhi will pay and deliver to a disbursing agent $4,717,600 principal 1977. Toledo Mining Undertakes Exploration for Oil and Gas SALT LAKE CITY, Mining Ut.-Tole- do Company, wells, he said, is now being drilled by Willard Pease Oil (OTC .25, .35) said last week it has launched a search for oil and natural gas in the Book Cliffs area of Grand Gas Company, (OTC 5.375, 5.875) of Grand Jun- County, Utah. The exploration project, according to company president Anthony G. Hatsis, is being conducted on 3200 acres comprising five oil and gas leases held by the company. The first of two test program, Hatsis added. Should a discovery be made, Hatsis said subsequent wells will be drilled to further develop the potentials of the leases owned by Toledo Mining Company. --News & Colo. They have all to agreed bear costs of the ction, Brief-s- TM 330 WEST FIFTH SOUTH SALT LAKE CITY 34101 (801) Amterre Development Inc. (OTC 1.06, 1.31) said it will construct a $5 million commercial office The multi-floo- r building in Bala Cnywyd, Pa. building will be finished by the second or third quarter of 1978, the company said. 1 The computer has a greater potential in patient care than any other invention, including the stethoscope and the machine. X-r- ay Hanson American Medical News Mr. Ken HEALTHGARDE CORPORATION Medical Computers for the Modern Hospital OUR NASDAQ SYMBOL IS HGRD Churchs Fried Chicken OTC 34.00, 34.50 plans to open 90 to 100 new company-operate- d stores in 1977 compared with new openings of 83 stores in 1976. Additionally, the company plans to open about 50 licensee stores this year. Wyman Gordon Co. (OTC 32.00, 33.00) said it plans to file a registration statement with the SEC for a 500,000 share public offering of its common stock. About 80 percent of the shares will be offered by selling stockholders which the company declined to identify. It said the expected offering date is sometime late next month. the energy crisis and a letter from Interior Secretary Cecil Andrus, Gassic Mining In response to Corporation (OTC .21, .25) said they will bring all oil and gas wells into production, the first of which is targeted by March 15. Possible uranium ventures are also being pursued, according to president Ray Ross. |