The New York herald., 1921-01-09
To the Stockholders
Middle States Oil
CORPORATION
Corporation

| For the last few months the management
of your Company have found unusual oppor-
tunities for the acquisition of well known
proven producing oil properties and interests
in properties where your Company was al
ready part owner, and acquiring ownership
in such property, where. through the held
ing of security for loans we have converted
such loans into purchases of the interests
SO held as security.
In addition to the acquisition of additional
properties in own subsidiaries that We're
not already completely owned by Middle
states Oil Corporation, we have since the
filing of the semi annual report to June 80.
1870, increased your Company's ownership
In the Texas Chief OIL Company, Dominion
Oil Company and Ranger Texas Oil Company
IN the sum total par value Of Two Million
Seven Hundred One Thousand Seven Hun
dred Twenty-three Dollars 2.I01 .123) and
other producing properties and interests in
properties already acquired held under
option make II desirable, in the opinion OF
the Board of Directors of your Corporation.
to complete these additions to your Com
pany's producing areas and income by the
proceeds of Two Hundred Fifty Thousand
(250. .000) shares additional stock of your
Corporation. which the Board of Directors
have authorized to be issued and allotted
by pre<efvance first to the Stockholders OF
Mt-svie States on Corporation in proportion
to the stock already held by each stock
recorded in yop> name you will be permitted
to purchase on0-Quarter of one share of the
proposed increase. And finding that the
favorable terma under which these above
mentioned properties can now be purchased,
In the opinion of the Board of Directors,
the Company Is warranted In allowing Its
stockholders to acquire this increased cap
ital at the net price of Eleven Dollars
(S11.00 per share. And also am directed
to advise you that the proposed increase or
all such thereof is not taken by the
stockholders pro rata, as aforesaid, is
underwritten at the full net price of the
Company OF Eleven Dollars ($11.o0) per
share free from commission. expense
other charge. This privilege runs 70
stockholders Of record at ti,. close of busi-
ness January IS. 1921. in tie laid proportion
of one share of such additional stock for
each four shares of stock outstanding In
their names on the books of the Corporation
at Three O'Clock p. NJ. on Tuesday, January
Is. 1921.
Herewith you will receive subscription
warrant warrants evidencing your right
as a stockholder OF record of Middle States
OH Corporation to subscribe at the price ~
Eleven Dollars (S11OO) per share to the
Increased Capital Stock
Your attention is called to the fact that
the right of subscription will be lost unless
the warrant is surrendered to the Middle
Madison Avenue, New York City, and pay
ment is made in New York funds to the
order of Middle States Oil Corporation on
or before Three o'clock p. NJ February l.
1921, for the amount of stock subscribed
for or the first installment thereof, in case
you elect to pay in installments. Fractional
warrants will not enttle the holders to sub
scribe for stock unless they present frac-
tional warrants aggregating one or more
full shares. in which event they may exer-
else the privilege of subscription.