White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1922-06-25
CONSOLIDATED COPPERMINES
IN PROCESS REORGANIZATION

at moderate depth. a large body CT
high-grade direct smelling contact
sulphide ores on ground which ad.
Joins the Minnesota claim of the old
company. Upon the Minnesota and
other claims of the old company
high-grade sulphide ores OF the same
character are indicated and actually
exposed. 1t is expected that work
on such claims will develop valuable
sulphide orebodies. Such direct
smelling sulphide ores are fayorably
regarded by smelters and should,
when opened up, provide q revenue
for the new company without fmme-
date expense for smelling or other
reduction works. IL ever advisable
a smelter (the only plant required
for such ores) can be erected at rea-
| sonable cost. The committee be-
lieves that the exploitation result
ing from the execution of the plan
of reorganization insures the succtss
of the company by operations along
these lines and will recommend that
the new company proceed accord
ingly.
Depository and Deposit Conditions.
The New York Trust Company,
100 Broadway, New York City, will
act as depositary of the bonds and
stock of, and all notes and claims
against, the company during the
period of reorganization.
Bondholders, stockholders, ncte-
holders and other creditors of the
Consolidated Coppermines Company
are invited to forward their seeuri-
ties and claims to the trust depart
ment OF the depositary, the New
York Trust Company, for deposit
and to be held under the terms OF the
reorganization committee plan end
agreement, dated June l., 1922, on
file with the trust company, and re-
ceive its negotiable receipt or re-
therefor.
Stock-All stock certificates must
be Endorsed in blank, with the regis
tered owners name signed as ii APP
pears on the face of the certificate.
and such signature must be wit
and guaranteed by a New
York stock exchange iIrm Or by a
bank or trust company of New York
City or elsewhere having a New York
correspondent, or acknowledged be-
tore a notary public.
Arrangements have been made 10
enough shares of the old COM
)any 10 permit each depositing stock
whose holdings may be an I'M
number of shares TO purchase
IN additional share of the stock of
he old company for S1.51. Any
with an uneven number
II shares not wishing TO avail him
elf of this privilege may have re-
urned to him the odd share, lpon
and forwarding TO the depos-
tary a stock power satisfactory TO
he depository. Such stock power
will be attached TO the certificate
e~presenting the wen number of
hares deposited and should be
igned in blank with signature guar
nteed as hereinbefore provided.
Issuance of new shares subscribed ,
or in any other name than as spec
fed In the old shares deposited will
onstitute a transfer and In such
ase the deposition must send check /
DIT New York funds or money order !
the depositary to pay the federal 5
the New York state transfer I
at the rate OF 1 cents for each /
genty shares or part thereof. !
Bonds-Bonds deDosited must
ave February /, 1921 andior Aug |
st 1, 1921. and subsequent coupons {
ttached.
Period for Deposiiing.
Deposits of bonds. stock. notes .
nd claims and cash payments under .
le reorganization agreement will he !
eceiyed by the depositary at its Of |
&c at 100 Broadway, New York City, :
the date hereof until the close ]
{ business Friday, July Ii, 1922. !
The reorganization committee IS {
opposed of Edwin r. Hotter. chair !
ian; Charles l.. Hoffman. Joseph d. !
Thomas A. Merritt. Herbert !
Y. Morse, Martin Paskus and How |
I'd ID. Smith. Z
Z