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1111111111111111111 iiu <br /> Umetco Minerals (aporation <br /> P.O. BOX 1 029 <br /> GRAND JUNCTION.COLORADO B'I 502 <br /> It (303)245-3700 <br /> January 28, 1994 <br /> State of Colorado <br /> Division of Minerals and Geology <br /> Department of Natural Resources <br /> 1313 Sherman Street, [loom 215 <br /> Denver, Colorado 80203 <br /> Re: Substitute Financial Warranty ($28,000) <br /> Permit No. M-81-021 West Sunday ill;J <br /> San Miguel County, Colorado <br /> Pursuant to the Division's letter to Umetco's Mr. Robert Barnett dated <br /> December 22, 1993, I am enclosing a substitute Financial Warranty/Corporate <br /> Surety in the amount of $28,000. The substitute Financial Warranty/Corporate <br /> Surety is executed by General Insuranc any of America and the Secretary <br /> of Umetco Minerals Corporation. <br /> The enclosure is submitted as a replacement surety for St. Paul/Seaboard <br /> Surety Company Surety No. 907833 ($28,000) . Al losed are two copies of a <br /> Release Letter dated January 13, 1994, where, when acknowledged by the <br /> Division, will release St. Paul/Seaboard Surety Company from any liability / <br /> under surety bond No. 907833. <br /> You may return St. Paull/Seaboard Surety and one copy of the Release Letter, <br /> when acknowledged, to my attention. Please contact the undersigned should yo <br /> have any questions. <br /> �Yours very `truly, <br /> M. G. Derrick <br /> MGD/sw <br /> Enclosures <br /> CERTIFIED - RETURN RECEIPT REQUESTED <br /> cc: Messrs. R. F. Barnett w/encl . <br /> J. F. Frost w/o encl . <br />