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
____________________
Date of Report: April 30, 1999
GOLDEN CYCLE GOLD CORPORATION
(Exact name of registrant as specified in its charter)
COLORADO 0-11226 84-0630963
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
2340 Robinson Street, Suite 201, Colorado Springs, Colorado 80904
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (719) 471-9013
NO CHANGES
(Former name, former address and former fiscal year, if changed since last
report)
Total number of sequentially numbered pages in this filing, including
exhibits thereto: 3 .
Page 1 of 3
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ITEM 1. CHANGE IN CONTROL OF THE REGISTRANT
Thursday, April 22, 1999, the registrant was advised by Euro-Nevada Mining
Corporation, Inc. ("Euro-Nevada") that Euro-Nevada has given notice under its
March 12, 1999 letter agreement with certain shareholders of Golden Cycle
that Euro-Nevada has elected to terminate its agreement to purchase from them
approximately 54% of the issued and outstanding common stock of Golden Cycle
on a fully diluted basis.
Golden Cycle previously reported that the closing of this transaction would
result in a change of control of the registrant.
EXHIBITS:
A. Golden Cycle Gold Corporation news release dated April 22, 1999.
SIGNATURES
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.
GOLDEN CYCLE GOLD CORPORATION
R. Herbert Hampton
President & CEO
Date: April 30, 1999
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FOR IMMEDIATE RELEASE: Wednesday, April 21, 1999
CONTACT: R. Herbert Hampton
Vice President, Finance
Golden Cycle Gold Corporation
(719) 471-9013
EURO-NEVADA NOTIFIES GOLDEN CYCLE GOLD CORPORATION OF ITS TERMINATION OF
AGREEMENT TO PURCHASE GOLDEN CYCLE SHARES.
Colorado Springs, CO - Golden Cycle Gold Corporation (PCX: GCC) announced
today that it had been advised by Euro-Nevada Mining Corporation, Inc.
("Euro-Nevada") that Euro-Nevada has given notice under its March 12, 1999
letter agreement with certain shareholders of Golden Cycle that Euro-Nevada
has elected to terminate its agreement to purchase from them approximately
54% of the issued and outstanding common stock of Golden Cycle on a fully
diluted basis.
Golden Cycle continues to pursue its operating strategies to search for
special situations to enhance the use of its assets, such as the possible
project in the Democratic People's Republic of Korea.
Golden Cycle Gold Corporation is a Colorado corporation organized to
discover, develop and mine precious metal properties. The primary business
of the company consists of its participation in the Cripple Creek & Victor
Gold Mining Company, a joint venture with Pikes Peak Mining Company. The
Joint Venture engages in gold mining activity in the Cripple Creek area of
Colorado.
This release contains forward-looking statements which are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are not a guarantee of future
performance or achievements and involve known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements to differ materially from those expressed or
implied in such forward-looking statements.
Page 3 of 3
