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III III I II I II IIII III . CemeBaO Iron sines <br />sss <br />~~ ~ ~ ~ ~ ~ FoOrttCoe ns?C ~loredo 80522 <br />303 482 4065 <br />MAR 13 1390 <br />:f:RTIf1ED b1AIL N0. <br />F:F'1^.JRN FtFCFIPT R);QIFESTED <br />~ d'' 1 <br />RE: Ideal Merger into parent company <br />Holnam Inc. <br />Permit No. 77-397 <br />Colorado Mined Land Reclamation Board <br />Dear Sirs: Mining and Reclamation Permit <br />Ideal Basic Industries, Inc. (hereinafter "Ideal"), hereby <br />gives notice that on or about March 7, 1990, it will merge into <br />its parent conq~ary, Flolnam Inc. Ideal will cease to exist as <br />an ii:ciependent entity and all assets and liabilities of Ideal <br />ta:J.'. t~ transferred by operation of law to Holnam Inc. The <br />c!~cc.it:.ons conducted at the Boettcher Plant, however, will <br />rem:.i.r. in all respects the same as 4~hen Ideal functioned as <br />a :•ubsidiary of the parent company, HoLiam Inc. <br />We assume that your receipt of this notice suffices to <br />transfer the pgLRg permit number 77-347 <br />From Idea], t!~e former ovmer-operator, to Ho].nam Inc., the <br />entity that will become the new owner-operator, on or about <br />March 7, 1990. <br />Yours truly, <br />~' <br /> <br />R. R. McGilvray <br />