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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ECHO BAY MINES LTD.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
27875110
(CUSIP Number)
Check the following box if a fee is being paid with this statement |X|.
Page 1 of 7 Pages
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SCHEDULE 13G
CUSIP No. 27875110 Page 2 of 7 Pages
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
T.A.L. Investment Counsel Ltd.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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5) SOLE VOTING
10,994,750 shares of Common Stock
NUMBER ----------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not applicable
BENEFICIALLY ----------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 12,076,925 shares of Common Stock
REPORTING ----------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not applicable
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
12,077,825 shares of Common Stock
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.66%
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12) TYPE OF REPORTING PERSON
IA
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Schedule 13G
ITEM 1(A). NAME OF ISSUER:
Echo Bay Mines Ltd.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3300 ManuLife Place
10180 101st Street
Edmonton, Alberta
T5J 3S4
ITEM 2(A). NAME OF PERSON FILING:
T.A.L, Investment Counsel Ltd.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
The principal business office is 1000 de la Gauchetiere
West, Suite 3100, Montreal, Quebec, Canada H3B 4W5
ITEM 2(C). CITIZENSHIP:
Canada
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
27875110
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES
13d-l(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS
A:
(e) |X| Investment Adviser registered under
Section 203 of the Investment Advisers Act
of 1940
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 12,077,825 shares of
Common Stock
(b) percent of class: 8.66%
(c) Number of shares as to which such person has:
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(i) Sole power to vote or to direct the vote:
10,994,750 shares of Common Stock
(ii) Shared power to vote or to direct the vote:
Not applicable
(iii) Sole power to dispose or to direct the disposition
of: 12,076,925 shares of Common Stock
(iv) Shared power to dispose or to direct the
disposition of : Not applicable
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from
the sale of, the common stock of ECHO BAY MINES LTD. No
one person's interest in the common stock of ECHO BAY
MINES LTD. is more than five percent of the total
outstanding common stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of
such securities and were not acquired in connection with
or as a participant in any transaction having such purpose
or effect.
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SIGNATURE
After reasonable inquiry and to the beat of my knowledge and belief, I
certify that the information set forth in this Schedule 13G in connection with
T.A.L. Investment Counsel Ltd.'s beneficial ownership of the common stock of
ECHO BAY MINES LTD. at December 31, 1996 is true, complete and correct.
Date: February 13, 1997
T.A.L. INVESTMENT COUNSEL LTD.
/s/ Assunta Di Lorenzo
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By: Assunta Di Lorenzo
Legal Counsel and
Corporate Secretary
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