The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-11-20
PLAN TO POOL ALL
OUTSTANDING STOCK.
REINDEER QUEEN DIRECTORS
ISSUE AN IMPORTANT LETTER
TO STOCKHOLDERS.

With 10000 shares of stock in the
! treasurery, the directors Of the Rein
deer Queen Mining company feel con-
money to develop the property with
out assessing the outstanding stock,
and to this end they propose to pool
the stock of all shareholders unit.
January l, 1915, IN order to take of
the market all stock except that Of
fered from the treasury. While de-
Il finite arrangements have not been
made for handling the treasury stock,
preliminary Investigations have con
WINGED the directors that the stock
can be handled on the basis named
| in the circular which follows
Only three men are employed now
at the Reindeer Queen and they are
simply doing necessary preliminary
work preparatory to extensive devel-
opment which 1t is hoped to begin
In about month. The circular letter
follows:
ITO the Stockholders Of Reindeer
Copper & Gold Mining & Milling
Company, Limited, and Copper Queen
Mining & Milling Company, Limit
ed:
1.-THE consolidation of the above
named corporations has been COM
pleted by the organization of Reindeer
Queen Mining company. and convey
ing to it all the property, real and per-
sonal, of both Of the old companies.
The new company Is ready to receive
the stock certificates of the old COM
panies, and issue in their stead GER
tificates of stock in the new company
resented by the certificates of stock in
the old companies. Fill out the form
or assignment on the back of each
certificate, insert the name of "Rein-
deer Queen Mining Co" as the pnr
chaser thereof and send certificate to
T. H. Wixom, secretary Wallace, Idaho.
and a new certificate for the same
number Of shares will be issued II,
you. The new certificate will be re-
tanned in this office until January l,
1915, by order of the board of directors
made at recent meeting. The
reason for this order is to make It
possible for the fiscal agent of the new
company to raise money to develop
the mine and purchase the necessary
equipment by the sale of treasury
stock. The company has 100000 shares
of stock in the treasury, and the d.
rectors are confident that all the money
needed by the company can be obtain
ed from the sale of this stock, so long
as the market is not disturbed by oc-
casional sales made by private parties.
All stockholders are deeply interested
in the success of this plan, and it is
expected that it will meet the approval
of all. No charge will be made for ex
change of stock,
"rhe beard Of directors has au
thorzed the sale of $4,000 shares of
treasury stock at ten cents (par) per
share, and it is expected that the next
block offered for sale will be higher
price. All stockholders who desire to
increase their holdings can make fur
Their purchase by sending their orders
to the Office Of the company at an
early day. No increase in the price
of stock will be made until after the
sale of the $4,000 shares authorized by
the board of directors"
The officer and directors OF the
Reindeer Queen Mining company are:
Il. B. Crawford, of Mullan, president;
John c. Glahe. of Burke vice-presi-
dent; Walter B. Heitfeld, of Wallace,
treasurer; J. Fl. Wixom, of Wallace,
secretary: P. p. Weber, of Kellogg
and A. p McRae, of Mullan