SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
August 14, 1996
ROYAL OAK MINES INC.
(Exact name of registrant as specified in its charter)
Commission File Number 1-4350
ONTARIO, CANADA NONE
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) No.)
c/o Royal Oak Mines (USA) Inc.
5501 Lakeview Drive
Kirkland, Washington
U.S.A. 98033
(Address of principal executive offices) (Postal/Zip Code)
(206) 822-8992
Registrant's telephone number, including
area code
ITEM 7 - Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99 - Royal Oak Mines Inc. press release dated August 12, 1996
SIGNATURE
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 hereunto duly authorized.
ROYAL OAK MINES INC.
Date: August 14, 1996 By: /s/ James H. Wood
James H. Wood
Chief Financial Officer
Exhibit 99 - Royal Oak Mines Inc. press release dated August 12, 1996
[Royal Oak Mines Inc. Press Release Letterhead]
August 12, 1996
Royal Oak Mines Completes Sale of
US$175 Million of Senior Subordinated Notes
Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that it has completed
the sale of US$175,000,000 principal amount of its 11% Senior Subordinated
Notes due 2006. The Notes were sold in a private placement to qualified
institutional buyers pursuant to Rule 144A under the Securities Act of 1933
and to certain other institutional investors.
The Notes will be unsecured senior subordinated obligations of Royal Oak and,
as such, will be subordinated in right of payment to all existing and future
senior indebtedness of Royal Oak. The Notes are guaranteed by a wholly owned
subsidiary of Royal Oak.
The net proceeds from the sale of the Notes will be used primarily to fund the
development of the Company's Kemess South project in British Columbia; as well
as other development projects, and other corporate purposes.
The Notes have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration under the Securities
Act or an exemption from such registration. This release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of the Notes in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such state. Because the Notes have been completely sold, this news
release is a matter of record only.
For further information, contact: or in Europe contact:
Mr. J. Graham Eacott Mr. David Williamson
Vice President, Investor Relations David Williamson Associates
Royal Oak Mines International Investor Relations
5501 Lakeview Drive 78 Old Broad Street, 3rd Floor
Kirkland, WA 98033 London, England EC2M 1QP
Telephone (206)822-8992 Telephone 011-44-171-628-3989
Facsimile (206)822-3552 Facsimile 011-44-171-920-0563
