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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): November 17, 2000
ZEMEX CORPORATION
(Exact Name of Registrant as Specified in Charter)
CANADA 1-228 None
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
CANADA TRUST TOWER, BCE PLACE
161 BAY STREET, SUITE 3750
TORONTO, ONTARIO, CANADA M5J 2S1
(Address of Principal Executive Offices) (Zip Code)
Registrants' telephone number, including area code: (416) 365-8080
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On November 17, 2000, the Registrant's wholly owned subsidiary, Zemex U.S.
Corporation, a Delaware corporation entered into a Stock Purchase Agreement with
Hecla Mining Company, a Delaware corporation pursuant to which, Zemex U.S. will
purchase (or cause its designees to purchase) all of the issued and outstanding
capital stock of Hecla Mining's wholly owned subsidiary, Kentucky-Tennessee Clay
Company, a Delaware corporation and Hecla de Brasil Empreendimentos de
Participacoes Ltda., a Brazilian sociedade civil por quotas de responsibilidade
limitada.
Kentucky-Tennessee Clay, which has mining and processing operations in the
United States and Mexico, is the largest producer of ball clay in North America
and also produces air-floated kaolin.
The purchase price for the acquisition is US$68 million, subject to closing
adjustments. Sales of the combined kaolin and ball clay operations were US$51.6
in 1999.
Attached and incorporated herein by reference as Exhibit 99.1 is a copy of a
news release of Zemex Corporation announcing the signing of the Stock Purchase
Agreement. The acquisition is subject to regulatory approval and other customary
closing conditions.
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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.
Dated: November 27, 2000
ZEMEX CORPORATION
/s/ Allen J. Palmiere
_______________________________________
Allen J. Palmiere
Vice President, Chief Financial Officer
and Corporate Secretary
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EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release dated November 20, 2000, announcing the signing
of the Stock Purchase Agreement.
