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
June 24, 1998
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
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Item 5. Other Events
On June 24, 1998, the Registrant issued the following press
release:
[Royal Oak Mines Inc. Press Release Letterhead]
FOR IMMEDIATE RELEASE FROM KIRKLAND
June 24, 1998
Royal Oak Closes Senior Secured Financing
Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that it
has closed the previously announced US$120 million financing in
the form of Senior Secured Notes arranged by Trilon Financial
Corporation of Toronto.
Funds will be dispersed to the majority of the Company's trade
creditors immediately.
Royal Oak commenced production on the "A" line of the Kemess mill
on May 19 and started feeding ore to the "B" line on June 14, a
few days ahead of schedule. Commissioning and operations are
proceeding as planned and concentrate is being shipped from site.
Royal Oak plans to hold a conference call on Wednesday, July 8,
1998 at 2:30 p.m. Toronto time (11:30 a.m. Pacific time) to
present an update on the status of operations at Kemess.
Analysts, investors and the media are invited to call (416) 620-
8863 (quoting reservation # 933641) approximately five minutes
beforehand. A replay of the conference call will be available
one hour after the call ends and can be accessed by dialing (416)
626-4100 (using reservation #933641) until midnight Friday, July
10, 1998.
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 15 St. Helen's Place, 3rd Floor
Kirkland, WA 98033-7314 London, England EC3A 6DE
Telephone: (425) 822-8992 Telephone: 011-44-171-628-3989
Facsimile: (425) 822-3552 Facsimile: 011-44-171-920-0563
Internet site: http://www.royal-oak-mines.com
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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 24, 1998 By: /s/ James H. Wood
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James H. Wood
Chief Financial Officer
