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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY1/- <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 COLORADO <br />[ <br /> <br />Phone: (303) 866-3567 FAX <br />(303) 832 <br />810b DIISION OF <br />RECLAMATION <br />: <br />- <br />J MINING <br />P E <br /> SAF <br />TY <br />November 19, 2009 v Bill Ritter, Jr. <br /> <br />? Governor <br />Mr. Edward W. Yaklich Harris D. Sherman <br /> <br />1180 CR 129 Executive Director <br /> <br />Westcllffe, CO 81252 Ronald W. Cattany <br /> Division Director <br />Natural Resource Trustee <br />Re: Notice of Cancellation on Bond No. 396,$5,000.00, Shangri La Pit, Custer County, Permit No. M-1989-024 <br />Dear Mr. Yaklich: <br />The Pueblo Bank & Trust Company has notified the Mined Land Reclamation Division of the cancellation of Letter of <br />Credit No. in the amount of $5,000.00, effective July 19, 2010. <br />Prior to this expiration date, you must submit a substitute Financial Warranty in the amount of $5,000.00. <br />Enclosed is a Financial Warranty - Letter of Credit form. Please execute this form and return it to this office by May 19 <br />2010. If the executed form has not been received by May 19, 2010, the Division Director will draw on this letter of credit <br />and the amount drawn will be held as a cash deposit in lieu of financial warranty, as provided in applicable Colorado <br />statutes governing mined land and reclamation. <br />If you wish to use a different method for posting the required Financial Warranty, as described under Rule 4.3 of the <br />Rules and Regulations, please contact this office for the applicable forms, or if you have any questions. <br />Sincerely, <br />z?4d66? 0*7 '/? <br />Elizabeth Merry <br />Program Assistant H <br />Enclosure <br />cc: Peter S. Hays, Division of Reclamation, Mining and Safety <br />CERTIFIED MAIL NO. 7005 0390 0002 8281 8861 <br />Return Receipt Requested <br />Office of <br />Mined Land Reclamation <br />Denver • Grand Junction • Durango <br />Office of <br />Active and Inactive Mines <br />