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Show UPCM Moves Towards Merger United Park City Mines Company and Cimarron Corporation Cor-poration announced today the signing of a definitive agreement of their previous-. ly announced plans to merge. Under the agee-ment. agee-ment. United Park City Mines Company will issue one share of its common stock for each 2.4 shares of Cimarron. The merger is subject to the approval of the shareholders of both companies. United Park City Mines Company also announced the election of Herbert M. Weed as vice president. Mr. Weed is a former officer of Anaconda Minerals Company, Com-pany, a division of Atlantic Richfield Company. United Park City Mines Company has mining interests inter-ests and real estate located in Park City, Utah. Its shares are listed on the New York Stock Exchange and traded under the symbol UPK. Cimarron Corporation is in the oil and gas exploration and production business. Its shares are traded over the counter on the NASDAQ system under the symbol, CIMN. |