SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15d of
the Securities Exchange Act of 1934
October 31, 1997
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(Date of Report)
SILVERADO GOLD MINES LTD.
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(Exact Name of Registrant as specified in its charter)
British Columbia, Canada
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(State or other jurisdiction of incorporation)
0-12132 98-0045034
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(Commission File Number) (IRS Employer I.D. Number)
Suite 505, 1111 West Georgia Street
Vancouver, British Columbia, Canada V6E 4M3
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(Address of principal executive offices including zip code)
(604) 689-1535
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(Registrant's telephone number including area code)
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Item 9. Sales of Equity Securities Pursuant to Regulation S.
On October 31, 1997 the Company completed the sale of 2,750,000 shares of
Common Stock at a price of $.20 per share, for total gross proceeds of $550,000,
to two offshore investors. The Company's placement agent, Peerless Associates,
United Kingdom, was paid a cash commission of $16,000, equal to eight percent of
the gross proceeds on the sale of 1,000,000 shares to one of the investors. As
the balance of the shares, being 1,750,000, were subscribed for by the agent
personally, there was no commission paid on this amount.
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, thereunto duly authorized, on this 5th day of November, 1997.
SILVERADO GOLD MINES LTD.
By: /s/ G. L. Anselmo
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G. L. ANSELMO
President, Chief Executive Officer
