▁across ▁the ▁whole ▁of ▁the ▁Is le ▁of ▁Man ▁with ▁the ▁exception ▁of ▁the ▁area ▁around ▁La x ey ▁and ▁the ▁Bishop ' s ▁Bar ony . ▁K not t ▁achieved ▁only ▁limited ▁success ▁and ▁engaged ▁the ▁services ▁of ▁a ▁min ing ▁agent ▁in ▁Mold ▁with ▁a ▁view ▁to ▁s elling ▁his ▁le ase . ▁K not t ' s ▁interest ▁was ▁sold ▁to ▁a ▁group ▁of ▁business men ▁from ▁Ch ester ▁and ▁Liverpool , ▁who ▁formed ▁a ▁private ▁company , ▁the ▁Is le ▁of ▁Man ▁M ining ▁Company , ▁originally ▁divided ▁into ▁ 1 6 ▁equal ▁shares ▁but ▁then ▁reduced ▁to ▁ 1 4 ▁equal ▁shares . ▁ ▁This ▁share hold ing ▁structure ▁continued ▁until ▁it ▁was ▁made ▁to ▁conform ▁to ▁the ▁J oint ▁Stock ▁Comp an ies ' ▁Act . ▁ ▁As ▁a ▁result , ▁it ▁was ▁registered ▁in ▁ 1 8 5 3 ▁as ▁a ▁limited ▁company ▁with ▁ 2 , 8 0 0 ▁shares ▁of ▁£ 2 5 ▁each ▁and ▁a ▁capital ▁of ▁£ 7 0 , 0 0 0 . ▁ ▁The ▁structure ▁was ▁modified ▁again ▁in ▁ 1 8 8 1 ▁to ▁having ▁ 1 4 , 0 0 0 ▁shares ▁of ▁£ 5 ▁each . ▁The ▁Company ' s ▁offices ▁were ▁situated ▁at ▁St ▁Wer burgh ▁Ch amb ers , ▁Ch ester ▁and ▁No ▁ 6 , ▁Queen street ▁Place , ▁London . ▁ ▁Origin ally ▁the ▁company ' s ▁main ▁area ▁of ▁operations ▁was ▁to ▁the ▁east ▁of ▁Fox dale ▁where ▁a ▁rich ▁ve in