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Article: New Jersey Mining Co. Announces Merger.
- Article from:
- Business Wire
- Article date:
- October 28, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
KELLOGG, Idaho--(BUSINESS WIRE)--Oct. 28, 2002
New Jersey Mining Company (OTCBB:NJMC) is pleased to report that the shareholders of Gold Run Gulch Mining Company have accepted NJMC's share exchange offer.
As a result, Gold Run Gulch Mining Company (GRG) will be merged into New Jersey Mining Company.
New Jersey will issue 0.875 of a share for one share of GRG resulting in the issuance of 1,916,250 shares of restricted NJMC stock.
Gold Run Gulch Mining Company's primary asset is the New Jersey mine property which is currently leased to New Jersey Mining Company. The merger will give NJMC title to 62 acres of ...