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SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: June 1, 1998
METALINE MINING & LEASING COMPANY
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(Exact Name of Registrant as Specified in its Charter)
Washington
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(State or Other Jurisdiction of Incorporation)
001-01428 91-0684860
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(Commission File Number) (IRS Employer Identification Number)
601 W. Main, Suite 714
Spokane, Washington 99201-0677
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(Address of Principal Executive Offices) (Zip Code)
(509) 455-9077
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(Registrant's Phone Number, Including Area Code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On June 1, 1998, the Registrant sold 100% of its interest in Metaline Contact
Mines, a Washington Corporation, including the Registrant's interest in
Metaline Contact Mines, LLC, a Delaware limited liability company and a 99%
owned subsidiary of Metaline Contact Mines, to Nor-Pac Limited Company, an
Idaho limited liability company. The sale price was $711,377. The Registrant
estimates that it will net approximately $500,000 from the sale, after
transaction expenses and taxes.
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SIGNATURES
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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.
METALINE MINING & LEASING COMPANY
/s/ Gregory B. Lipsker June 1, 1998
By:___________________________ Date: ____________________
Title: President
