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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): March 27, 1996
COEUR D'ALENE MINES CORPORATION
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(Exact name of Registrant as specified in its charter)
Idaho 1-8641 82-0109423
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
Number)
400 Coeur d'Alene Mines Bldg.
505 Front Avenue
Coeur d'Alene, Idaho 83814
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (208) 667-3511
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Increase in the Company's Offer for Gasgoyne Gold Mines NL
In its Current Report on Form 8-K filed on March 26, 1996,
Coeur d'Alene Mines Corporation ("Coeur" or the "Company") reported under Item
5 thereof that the Company extended an offer (the "Offer") to the shareholders
of Gasgoyne Gold Mines NL, an Australian gold mining company ("Gasgoyne"), to
acquire all of the outstanding shares of Gasgoyne on the basis of offering 7
shares of Coeur common stock plus A$60 in exchange for each 100 Gasgoyne
shares. The Company also reported that on March 14, 1996, it filed its revised
form of Offer and Part A Statement required under Australian law with the
Australian Securities Commission and Australian Stock Exchange. (A copy of
Coeur's revised Form of Offer and Part A Statement were filed as exhibits to
the Form 8-K.)
On March 27, 1996, the Company announced that it intends to
increase the cash component of the Offer, which will be its last and final
Offer. The revised Offer will consist of 7 shares of the Company's common
stock plus A$96 in exchange for each 100 Gasgoyne shares. The revised Offer
remains conditioned upon the Company's acquisition of at least 50.1% of
Gasgoyne's outstanding shares. The Offer expires on April 22, 1996, unless
extended or withdrawn. Assuming Coeur's acquisition of 100% of Gasgoyne's
outstanding shares, Coeur would issue approximately 4.0 million shares and pay
approximately US$42.8 million in cash. Based on the market price of Coeur
common stock and currency exchange rate on March 25, 1996, the total maximum
value of the Offer would approximate US$130.0 million.
Acquisition of Additional Shares of Orion Resources NL
In its Current Report on Form 8-K filed on January 31, 1996,
as amended on February 15, 1996, the Company reported under Item 5 thereof that
it acquired from Homestake Mining Company ("Homestake") the 5.5 million shares
of and options to acquire an additional 5.0 million shares of Orion Resources
NL, an Australian gold mining company ("Orion"), held by Homestake. As a
result of that purchase and Coeur's acquisition of 3.3 million Orion shares in
January 1995, Coeur held approximately 13.1% of Orion's outstanding shares. On
March 26, 1996, Coeur exercised the options to acquire an additional 5.0
million shares of Orion for a total option exercise price of A$5.0 million (or
approximately US$3.9 million based on the currency exchange rate on March 25,
1996). As a result of the exercise of those options, Coeur presently owns
approximately 19.2% of Orion's outstanding shares.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
COEUR D'ALENE MINES CORPORATION
(Registrant)
Dated: March 27, 1996 By: WILLIAM F. BOYD
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William F. Boyd
Vice President and Secretary
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