Detailed/More Info:
Fortuna Lode
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Info Database Last Updated 08.04.2024 (Entity News entries: 2)
Type/Category of Info:
Mining Inquiries
Info Source From:
United States Investor. Volume: 11 [XI], Issue No. 7
Info Publication Date:
February 17, 1900
Info found on page:
228
Info Title:
Cripple Creek Gold Mining & Development Co. Inquiry
Cripple Creek Gold Min. & Dev. Co.
graphic for visual presentation of text 4747. (South Manchester, Conn.) Will you give a report of prospects and business capacity of the managers of the Cripple Creek Gold Mining & Development Co.? The stock is being offered at 2½ cents per share by the Kendrick Promotion Co., of Denver? Is this a preferred or treasury stock? Please give a full report.
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graphic for visual presentation of text Ans.: This company owns four patented claims in the extreme northern portion of the Cripple Creek district, and eight claims on the southern edge of the district. The company is awaiting developments on adjoining properties. The stock is purely speculative.
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Above Info was Last Updated on 25.02.2024 (12:32:42)
Above Info was First Seen 16.02.2024

Type/Category of Info:
Mining Inquiries
Info Source From:
United States Investor. Volume: 11 [XI], Issue No. 10
Info Publication Date:
March 10, 1900
Info found on page:
327
Info Title:
Cripple Creek Gold Mining & Development Co. Inquiry
Cripple Creek Gold Mining & Development Co.
graphic for visual presentation of text 4747. (South Manchester, Conn.) Will you give a report of prospects and business capacity of the managers of the Cripple Creek Gold Mining & Development Co.? The stock is being offered at 2½ cents per share by the Kendrick Promotion Co., of Denver. Is this a preferred or treasury stock? Please give a full report.
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graphic for visual presentation of text Ans.: It has been suggested that the answer to this query published in the "Investor" of Feb. 17 is not sufficiently detailed and may create an erroneous impression.
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graphic for visual presentation of text The company is capitalized with 2,000,000 shares, and the latest report is that there are 150,000 shares and $2,000 cash in the treasury. The officers are men of repute. The company owns:
graphic for visual presentation of text 1. The Vanderbilt, Mount Rab, Charlie Ross and Goodwill claims, representing about 40 acres, all patented; on Oil Creek in the northeast quarter of section 33, and northeast quarter of section 28, township 14, south, range 69, west, being, as stated in previous answer, in the extreme northern portion of the Cripple Creek district. The Charlie Ross and Vanderbilt are said to have good veins exposed, running from $6 to $27 per ton.
graphic for visual presentation of text 2. Also the Fortuna, Gertrude, Juvia, Kirkland, Elizabeth, Annie L., Hattie C., and Dorothy, about 75 acres, in process of patenting, on the north slope of Straub mountain, being on the southern edge of the district, as stated in previous answer.
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graphic for visual presentation of text The latter group is in the vicinity of some of the recent good strikes, and considerable development is being done in the neighborhood. The Woods Development Company is now sinking two development shafts, one to the north and the other to the south of the latter group.
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graphic for visual presentation of text The Kendrick Promotion Co., Denver, and Messrs. William P. Bonbright & Co., Colorado Springs and London, each underwrote a block of 400,000 ordinary shares, or an aggregate of $800,000 ordinary shares (not treasury), and placed the same on the market, as stated in the prospectus, "as a purely speculative investment," as the price of 2½ cents unmistakably indicates.
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Above Info was Last Updated on 25.02.2024 (12:30:24)
Above Info was First Seen 20.02.2024