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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-17
or 15d-17 thereunder
Canyon Resources Corporation
(Exact name of issuer as specified in charter)
14142 Denver West Parkway, Ste. 250, Golden, CO 80401
(Address of principal executive offices)
Issuer's telephone number, including area code (303) 278-8464
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
1. Title of security: Common Stock, $.01 par value.
2. Number of shares outstanding before the change: 25,958,459
3. Number of shares outstanding after the change: 29,992,792
4. Effective date of change: March 26, 1996
5. Method of change: Private Placement
Give brief description of transaction: On March 26, 1996, the Company
completed a private placement in the amount of $12.1 million. The offering was
completed at a price of $3.00 per unit which included one share of common stock
(4,034,333 total shares) and one-half warrant (2,017,167 total warrants). Each
whole warrant entitles the holder to purchase one share of common stock at an
exercise price equal to $3.75 per share. The warrants expire on March 25,
1999.
II. CHANGE IN NAME OF ISSUER
Not Applicable
Date April 3, 1996 CANYON RESOURCES CORPORATION
/s/ George S. Young
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George S. Young, Secretary
