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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
Date of Report (Date of earliest event reported) June 6, 1996
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GLAMIS GOLD 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)
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0-31986 (86-689) None
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(Commission File Number) (IRS Employer Identification No.)
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3324 Four Bentall Centre, 1055 Dunsmuir Street, Vancouver, B.C., V7X 1L3
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code (604) 681-3541
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n/a
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(Former name or former address, if changed since last report)
Exhibits begin on Page 4
Page 1 of 4 Pages
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ITEM 5: OTHER EVENTS
By news release dated June 6, 1996, a copy of which is
attached hereto as Exhibit 99, the Registrant announced its
intention to raise up to U.S.$35,000,000 through the sale of
its common shares by way of a prospectus filed in Canada.
The offer of common shares is subject to various conditions.
The common shares being offered have not been and will not be
registered under the United States Securities Act of 1933, as
amended, or states securities laws, and, subject to certain
exceptions, may not be offered or sold in the United States or
to U.S. persons.
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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.
GLAMIS GOLD LTD.
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(Registrant)
June 6, 1996
"G. Barry Finlayson"
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G. BARRY FINLAYSON
Secretary
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EXHIBIT 99
NEWS RELEASE
GLAMIS GOLD LTD.
FOR IMMEDIATE RELEASE
Trading Symbols: TSE, NYSE - GLG June 6, 1996
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U.S. $35,000,000 OFFERING OF COMMON SHARES
Vancouver, B.C., Canada - Glamis Gold Ltd. has filed a Preliminary Prospectus
in all provinces of Canada other than Quebec with respect to an offering of
common shares to raise approximately U.S.$35,000,000. The common shares will
be marketed through a syndicate of Canadian underwriters (the "Underwriters").
The number of shares to be sold and the price per share will be determined by
Glamis and the Underwriters prior to filing a final prospectus, which will
include a greenshoe option in favour of the Underwriters whereby they may
increase the size of the offering by up to 15%. The closing of the sale of the
common shares is to occur on or before July 15, 1996, or such other date as
agreed to by Glamis and the Underwriters. The common shares being offered for
sale have not been and will not be registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from such
registration requirements.
Approximately U.S.$13,000,000 of the net proceeds realized from the offering
will be used to fund Glamis' Rand Mine Optimization Program and the balance
will be used to partially fund the placing of Glamis' Imperial Project into
commercial production.
The transaction is subject to the execution of an underwriting agreement which
will contain terms and conditions typical in the industry for transactions of
this nature and will be subject to receipt of regulatory approval by Glamis.
Glamis Gold is a low cost gold producer whose shares are listed on the Toronto
and New York Stock Exchanges.
ON BEHALF OF THE BOARD OF DIRECTORS
"J.R. Billingsley"
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J.R. Billingsley
Vice President and Director
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For further information contact:
Glamis Gold Ltd.
P.O. Box 49287
3324 - 1055 Dunsmuir Street
Vancouver BC V7X 1L3
Telephone: (604) 681-3541
Fax: (604) 681-9306
