| Show THINKS huNKS TINTIC MINES 00 DO WELL TO MERGE Eureka Authority Favors Black BlackJack Jack Star Jack Star Consolidated Deal There now appears to bo bu no lion that the tile Black Jacl Star Jack Star Consolidated Con Con- 1 d deal al will swill go through a hitch bitch says sars the Eureka Reporter The news of this deal lea was given to the public some weeks ago ngo but foia for foi fora a time it looked us as though the two interests would be he he unable to get to to- to gether s At the meeting of tho the Star Consolidated directors in Salt Lake yesterday those who sho control the Black BlackJack BlackJack Jack affairs submitted a proposition whereby it is proposed ed to Increase the capital stock of or the Black Dlack Jack to shares thus taking over the Star Consolidated and giving the stockholders share shuro for Cor share In tho the new company an There 31 are but shares hares of or the Star Consolidated s stock el ck Issued so that there would bo out of the he that would go 10 to this p n ny shares to be used In payIng pay pay- Ing ng the Indebtedness Of OC course coure it would not require this amount of ot stock to o put the Star even e with the board but ut whatever cr amount Is left let over would l go so to the shareholders It is isnow isow now ow up to the Star Con Consolidated shareholders shareholders shareholders share share- holders to say whether they are in favor o of oI this proposition The They will swill willbo be bo given I cn an opportunity to vote for Cor or against It ft at a special meeting to be beheld beheld held 1 at some future date and If It the proposition is carried b by a two thirds vote Yote which now jiow seems certain the deal will so go through in short or order r Wo re believe the thc Tintic people who 0 Star stock favor tho the deal as do those who hold the control of ot the company compan |
