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Author: Admin | 2025-04-28
As the Utah Delaware Mining Company, a full subsidiary of International Smelting Company, the Utah operating company of Anaconda Company.March 12, 1937National Tunnel and Mines Company was a merger of Utah Apex and Utah Delaware mining companies."UTAH MINING FIRMS AGREE UPON MERGER -- Utah-Apex, Utah-Delaware Plan To Resume Operations -- PORTLAND, Me., March 12. (AP) — Stockholders of the Utah-Apex Mining company voted here today to merge with the Utah-Delaware Mining company to form the National Tunnel and Mines company for operation of copper, lead and zinc mines in Utah and California." "Little more than an hour was required to effect the consolidation and elect officers under a previous joint agreement by respective boards of directors." "By the consolidation agreement, Utah Apex will be the surviving corporation, continuing under the name of the National Tunnel & Mines company. The new corporation will have authorized stock of 1,050,000 shares a without par value, 528,200 shares will be issued to the stockholders of Utah Apex in a share-for-share conversion plan. 328,000 will be issued to the holder of outstanding shares of Utah-Delaware, Inc., International Smelting and Refining company in conversion of a like number of fully paid and non-assessable share of Utah-Delaware now outstanding. The remaining 200,000 shares of the new corporation will be issued in conversion of a like number of partly-paid shares of Utah-Delaware Mining company, for which the Anaconda Copper Mining company has subscribed at the rate of $5 per share." "SHUT DOWN IN 1932 -- Properties of the
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