Show president escrows for 2 years takes no salary MOAB utah july 31 moab mines inc president william I 1 owen announced that he has vol 1 ered to escrow his moab mines inc stock for a period of two years according to the terms of his agreement mr owen owens s stock would still remain in escrow after any consolida consolita con solida eions t 10 ns leaving mr 0 owen en v A ith over ten per cent control of the out standing stock it was pointed out that the current policy has been dished as a good will move thereby indicating the sincerity of the company managements intention to produce a financially strong and healthy mining organ if the moab mines inc expansion program is successful mr air owen will nill ultimately re realize alize a gain from his present stock holdings through dividends and capital gain appreciation in value over a period of years the company president takes no salary for his full time man argement position but does take reimbursements for f or necessary field and traveling expenses in connection with moab mines inc business and ac tivi ties moab mines inc stock is pres bently being sold by justin step pier inc 30 broad street new york N Y and by mountain states securities denver and grand junction colorado |