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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): DECEMBER 29, 1993
HECLA MINING COMPANY
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
1-8491 82-0126240
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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.
On December 29, 1993, Hecla Mining Company (the "Company"), two wholly
owned Canadian subsidiaries of the Company, and Equinox Resources Ltd., a
company incorporated under the laws of the Province of British Columbia and
headquartered in Vancouver, Canada ("Equinox"), executed an Acquisition
Agreement providing for the Company's acquisition of Equinox. Pursuant to the
Acquisition Agreement and related Plan of Arrangement, upon consummation of the
transactions contemplated thereby, (i) Equinox common shareholders will receive
0.3 Company common shares, par value $0.25 ("Company Common Shares"), for each
outstanding Equinox common share, (ii) holders of Equinox's Series "A"
production participating preferred shares will receive newly issued production
notes of the Company with the same material terms and conditions, and (iii)
outstanding Equinox options and warrants will become exercisable for Company
Common Shares. In connection with the acquisition of Equinox, the Company
expects to issue approximately 5.7 million Company Common Shares.
The Board of Directors of the Company and Equinox have each approved
the Acquisition Agreement. However, the transactions contemplated by the
Acquisition Agreement are subject to a number of conditions including, without
limitation, approval by Equinox shareholders, and approval by a Canadian court
of the Plan of Arrangement.
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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, thereunto duly authorized.
Dated: December 29, 1993
HECLA MINING COMPANY
By: /s/ Michael B. White
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Michael B. White
Vice President - General Counsel
& Secretary
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