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 (Date of earliest event reported): April 22, 1997
ECHO BAY MINES LTD.
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(Exact Name of Registrant as Specified in Charter)
Canada 1-8542 None
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
Suite 1000, 6400 S. Fiddler's Green Circle,
Englewood, Colorado 80111-4957
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-714-8600
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ITEM 5. OTHER EVENTS
Incorporated by reference herein is the text of the Company's
press release dated April 22, 1997, which is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) EXHIBITS
99.1 Press Release dated April 22, 1997.
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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 hereunto duly authorized.
ECHO BAY MINES LTD.
Dated: April 25, 1997 By /s/ RAYMOND W. JENNER
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Raymond W. Jenner
Vice President, Treasurer and Principal
Accounting Officer
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Exhibit 99.1 - Press Release dated April 22, 1997
ECHO BAY MINES Media Contact: Jill Paukert
6400 S. Fiddlers Green Circle 303 714-8825
Suite 1000 Investor Contact: Robbin Lee
Englewood, CO 80111-4957 303 714-8829
FOR IMMEDIATE RELEASE
CHIEF EXECUTIVE OFFICER RESIGNS AT ECHO BAY MINES
Tuesday, April 22, 1997 -- Richard C. Kraus has resigned as president, chief
executive officer and a director of Echo Bay Mines Ltd. (Amex and TSE: ECO).
His responsibilities will be assumed on an interim basis by Robert L.
Leclerc, Q.C. Leclerc has served the company as chairman since May 1996 and a
director since 1992.
In announcing the management changes, Leclerc said: "Richard Kraus
played a major role in Echo Bay's growth. He was instrumental in the acquisition
of our two largest mines, Round Mountain in 1984 and McCoy/Cove in 1986. His
keen strategic planning accomplishments have helped to position this company for
sound financial and organizational growth into the next century. We are grateful
for his significant contributions over the past 17 years, and we wish him every
success in the future. It is time now to move forward into our next growth phase
with new leadership."
Leclerc, 52, served as Echo Bay's primary outside legal counsel for
more than 15 years and as a director of Echo Bay since 1992. He had been
chairman and chief executive officer of Milner Fenerty, a major Canadian law
firm located in Calgary and Edmonton.
Kraus was named president of Echo Bay in 1991, a director in 1992, and
chief executive officer in 1994.
Echo Bay is a major gold producer with mines in Canada and the United
States and with exploration and development projects on four continents. The
primary markets for its common shares are the American and Toronto stock
exchanges.
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