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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 8-K
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported): July 4, 1997
ConSil Corp.
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(Exact name of registrant as specified in its charter)
Idaho
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(State or other jurisdiction of incorporation)
0-4846-3 82-0288840
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(Commission File Number) (IRS Employer Identification No.)
6500 Mineral Drive
Coeur d'Alene, Idaho 83814-8788
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(Address of principal executive offices) (Zip Code)
(208) 769-4100
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Registrant's Telephone Number)
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Item 5. Other Events.
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On July 4, 1997, the Registrant issued the press release
attached hereto as Exhibit A, which is incorporated herein by this
reference.
Item 7. Financial Statements, Proforma Financial Information
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and Exhibits.
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Exhibit A - Press Release dated July 4, 1997.
SIGNATURE
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Pursuant to the requirements of Section 12 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.
ConSil Corp.
By: /s/ Cheryl A. Maher
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Name: Cheryl A. Maher
Title: Vice President - Finance
Dated: July 10, 1997
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EXHIBIT A
ConSil Corp.
[ConSil Logo] Suite 304
9323 N. Government Way
Hayden, ID USA 83835
NEWS RELEASE
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Ralph Noyes, President Terry Swanger
T 208 769-7610 Investor Relations
F 208 762-1015 T 509 533-677
For Immediate Release: July 4, 1997
CONSIL RECEIVES NOTICE LETTER
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ConSil Corp. received a notice letter dated June 26 from the United
States and the Coeur d'Alene Indian Tribe notifying ConSil of the
intent to add ConSil, along with other companies, as a defendant in
the Coeur d'Alene River Basin natural resource damage litigation
pending under the Superfund law in Federal District Court in Idaho.
It is ConSil's understanding that the letters were issued to many
companies in response to a court-imposed deadline and before
factual review has been completed to support any claim. Notices
are not lawsuits and ConSil may or may not be added to the case.
ConSil, which was formed in 1968, never conducted operations on its
Coeur d'Alene River Basin properties itself but leased its
properties to other companies. Those lessees' activities consisted
primarily of exploration work and were undertaken at a time when
various environmental regulations were in place. In addition,
these activities involved no discharge of mill tailings into the
Coeur d'Alene River system which is a key concern of the government
and Tribe in the lawsuit. Based on those and other factors, it is
management's opinion that any claim which might be made against
ConSil will not have a material adverse effect on the operations
and financial conditions of ConSil.
ConSil also announced that it has retained Swanger Eriksen and
Associates to provide ConSil's investor relations services. Terry
Swanger is the principal of the Spokane, Washington firm that
specializes in investor relations and corporate communications work
for the mining industry. The arrangement with Swanger Eriksen is
based on a monthly retainer of $2400.
This news release contains forward looking information. Such
forward looking statements involve a number of risks that could
cause actual results to differ materially from those projected.
See the company's Form 10-K and 10-Q reports for a more detailed
discussion of factors that may impact future results.
(page 1 of 2)
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CONSIL CORP
NEWS RELEASE
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The company trades on the Vancouver Stock Exchange (CS) and the
NASDAQ Bulletin Board (CSLV).
On behalf of the Board of Directors
Ralph R. Noyes, President
The Vancouver Stock Exchange neither approves or disapproves the
information contained in this news release.
For further information, please contact Terry Swanger at 509 533-
6771
(page 2 of 2)
