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
May 14, 1998
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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 5. Other Event
At the Annual General Meeting of the Company held on May 11, 1998 the
Shareholders approved a Reverse Split of the Company's Common Shares at a ratio
of 1 for 10. The Board of Directors declared the Record Date to be May 26, 1998.
According to the Nasdaq Stock Market the post split price will be effective the
morning of May 26, 1998. A new cusip number will also become effective on May
26, 1998.
At the meeting the Shareholders also approved the increase in authorized
capital of the Company from 10,000,000 to 100,000,000 Common Shares. The
effective date of the Increase will be the same as the Reverse Split.
New certificates and cusip number will be issued for the purposes of
clarification.
Signatures
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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 14th day of May, 1998.
SILVERADO GOLD MINES LTD.
By: /s/ G. L. Anselmo
G. L. ANSELMO
President, Chief Executive Officer
