SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 27, 1997
ROYAL OAK MINES INC.
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(Exact name of registrant as specified in its charter)
Commission File Number 1-4350
ONTARIO, CANADA 98-0160821
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(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
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(Address of principal executive offices) (Postal/Zip Code)
(425) 822-8992
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Registrant's telephone number, including
area code
Item 5. Other Events
On June 27, 1997, the Registrant issued the following press release:
[Royal Oak Mines Inc. Press Release Letterhead]
FOR IMMEDIATE RELEASE FROM KIRKLAND
June 27, 1997
Royal Oak Receives Funds for Kemess Project on
Signing Formal Agreement with B.C. Government
Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that the Company and
the provincial government of British Columbia have signed the formal agreement
covering the terms and conditions of the compensation, investment and economic
assistance package that the government undertook to provide for its
appropriation of the Windy Craggy deposit and for financing infrastructure at
the Kemess gold-copper project located in north central British Columbia.
As previously reported, the provincial government has already paid the sum of
$29 million to a Royal Oak subsidiary under the Heads of Agreement.
In further fulfilment of the formal agreement, the provincial government paid
an additional $18.8 million today and will continue to advance funds to Royal
Oak and related entities in payment for invoices it has received.
Kemess is one of Canada's largest mining projects and will provide many
long-term socio-economic benefits to the people of British Columbia.
For further information contact: or in Europe contact:
Mr. J. Graham Eacott Mr. David Williamson
Vice President, Investor Relations David Williamson Associates Limited
Royal Oak Mines International Investor Relations
5501 Lakeview Drive 78 Old Broad Street, 2nd Floor
Kirkland, WA 98033 London, England EC2M 1QP
Telephone: (425) 822-8992 Telephone: 011-44-171-628-3989
Facsimile: (425) 822-3552 Facsimile: 011-44-171-920-0563
SIGNATURE
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.
ROYAL OAK MINES INC.
Date: June 27, 1997 By: /s/ James H. Wood
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James H. Wood
Chief Financial Officer
