The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-06-05
CONSOLIDATE REINDEER
AND COPPER QUEEN
IMPORTANT PROPOSITION is TO
BE SUBMITTED TO STOCK
HOLDERS SOON.

consolidating the Reindeer Copper and
Gold Mining and Milling company and
the Copper Queen Mining & Milling
company have been discussed and
this week the proposition took tangi-
BILE shape by the calling of meetings
Of the stockholders of both companies
to consider the matter and take action,
The preliminary details Of the prnpos
ed consolidation have been worked ont
by Attorney j. II. WiXom and II seems
probable that the plan outlined IN q
circular letter to the Reindeer stock
holders will be adopted by both com
Ipanies. The Copper Queen stockhold-
ers will meet on June IA to consider
the proposition and the Reindeer own
ers viii meet on June 30. the latter
company requiring more time on ac-
count Of the large number of stock
holders and the time required to give
them notice. The property Of the two
companies Is east of Mullan. near the
ter is being, mailed to the Reindeer
stockholders which explains the ad -
vantages of the consolidation and the
basis upon which It is proposed IT,
bring the two companies together,
To the stockholders of the Reindeer
Copper aud Cold Mining and MIL
ng Company Limited:
During the past year the Director
of the corporation have been wnrkinr
on scheme for the consolidation Of
the property of the company with the
property of the Copper Queen Minnie
and Milling Company, Limited which
adioins that Of the Reindeer, and to
organize new corporation to take
over the property Of both companies
and push the work of Development
plan to this effect has been reached
! that seems to be fair and equitable Ia
all, and many Of the large local stock
holders of the Reindeer company are
asking for the consolidation and that
a meeting of the stockholders be called
! to accomplish that purpose. Accord
irgly meeting of the stockholders Of
!
to meet at the office Of j. III. Whom
Room Z. Postof!ice block, Wallace. Ida
no. on the Goth day of June at 1880
p. IN.
| The proposition is to organize u new
corporation for 100000 shares. and
give each stakeholder in eacht company
as many shares of stock in the new
company as he holds in either or both
IF the present companies, and all the
property of both companies will be
conveyed to the new company. The
fact that their eindeer has much more
outstanding stock than the Copper
! Queen company, will give to the stock
holders Of our company the larger por-
ton Of the stock In the new company
This will teud to eoualize the present
difference in the two companies and
leave a large amount of treasury stock
tn be disposed Of and used for pur-
coses of Development of the consolt,
lated properties.
The Reindeer company Is without
funds for further development. and il
Is expected that the new company
will be able to secure all money neces-
sary for the development of the two
groups of claims. Tho surface show
ing on the Copper Queen ground gives
promise of developing better ore bod
les than are now exposed on the Rein
deer ola inns aud the lower workings
on the Reindeer ground viii lopen un
the Copper Queen ground at greater
depth.
1t Is desired that all Stockholders
who can do so will attend the meeting
on the 30th and vote on the subject
Those who can not attend in person
are requested to write to the eccrc-
tary and express their wishes In re.
gard to the proposition and Gli oii
and send to the secretary tho inrloscd
proxy so that their stock will be rep
resented; for unless moro than half
IT the stock Is represented IN person
pr by proxy. no legal meeting can he
held. You can insert IN the proxy tho
name Of any person Won wish to rep.
resent YOU. Sign the proxy and send
4 to Mr.. T.. r. Adams. secretary, Wal
ACC, Idaho.
The letter carries the signatures Of ,
he president and secretary and mem {
'ers of the board of directors of the I
company. ,