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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 AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 2, 1996
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GRANGES INC.
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(Exact name of registrant as specified in its charter)
1-9025 Not Applicable
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(Commission File No.) (I.R.S. Employer Identification No.)
British Columbia, Canada
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(State or other jurisdiction of incorporation or organization)
Suite 3000, 370 Seventeenth Street, Denver, CO, USA 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 303-629-2450
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Not Applicable
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(Former name or former address, if changed since last report)
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GRANGES INC.
Item 1. Changes in Control of Registrant
Not applicable
Item 2. Acquisition or Disposition of Assets
Not applicable
Item 3. Bankruptcy or Receivership
Not applicable
Item 4. Changes in Registrant's Certifying Accountant
Not applicable
Item 5. Other Events
(a) On July 2, 1996, the Registrant issued the
following press release:
"APPOINTMENT OF NEW OFFICER
VANCOUVER, BRITISH COLUMBIA, JULY 2, 1996 - Granges Inc. is pleased to announce
the appointment of Ronald J. (Jock) McGregor to the position of Vice President
Operations and Development. Jock commenced his duties on July 1st and will
assume all of the responsibilities of Paul Wright who resigned as Vice
President of Mining and Project Development on June 1st.
Mr. McGregor joins Granges from Cambior USA, where, as President of Carlota
Copper Company and Vice President in charge of Evaluations and Development, he
was involved in all Cambior's new projects in the United States and South
America including Carlota, Omai Metates, Gross Rosebel, La Granja and El
Pachon.
Mr. McGregor is a graduate in extractive metallurgy from the Royal Schools of
Mines in London and spent ten years in Africa working in both operations and
project development. Mr. McGregor moved to the U.S. in 1979 with Bateman
Engineering.
In 1982 he joined NICOR Mineral Ventures (later renamed Westmont Mining Inc.)
where he was responsible to the engineering and construction of two mines and
the engineering and design of two more. In 1991 he joined Cambior as part of
the purchase of Westmont.
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Mr. McGregor's experience in operations and project development will be an
asset to Granges Inc. as the company embarks on a major period of growth.
Granges Inc. is an international gold mining and exploration company based in
Denver, Colorado, with its registered office in Vancouver, British Columbia.
Its holdings range from the Hycroft Mine in Nevada to exploration properties in
North and South America, including the new Guariche project in Venezuela."
(b) On July 3, 1996, the Registrant issued the
following press release:
""NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S."
FINAL SHORT FORM PROSPECTUS FOR
SPECIAL WARRANT FINANCING AND GUARICHE PROJECT
VANCOUVER, BRITISH COLUMBIA, JULY 3, 1996 - Granges Inc. announced today that
it has filed a final short form prospectus with the securities commissions in
British Columbia and Ontario relating to the previously announced issue of
9,699,800 special warrants previously sold on a private placement basis at
$2.60 per special warrant for net proceeds of approximately $23,760,000. The
special warrants were underwritten by a syndicate comprising ScotiaMcLeod Inc.,
First Marathon Securities Limited, Yorkton Securities Inc. and Goepel Shields &
Partners Inc.
The special warrants entitle the holders to acquire, at no additional cost, one
common share and one-half of one common share purchase warrant for each special
warrant upon receipts being issued by the securities commissions for the final
short form prospectus.
The final short form prospectus also qualified the issuance to L.B. Mining Co.
of 2,047,938 Class A common share purchase warrants and 2,529,161 Class B
common share purchase warrants upon exercise of 2,047,938 special warrants
previously issued to L.B. Mining Co. on a private placement basis in part
consideration for the grant to the Company of an option to purchase the
Guariche mining concessions in Venezuela. The Class A warrants will be
automatically exercised for common shares of the Company on the basis of one
common share for each Class A warrant upon exercise of the Guariche option. The
Class B warrants are exercisable thereafter on the basis of one common share
for each Class B warrant at the election of L.B. Mining Co. in lieu of cash
payable by the Company if more than 1.0 million ounces of mineable reserves of
gold are established on the Guariche properties within two years of exercise of
the Guariche option.
The net proceeds from the prior sale of the underwritten special warrants will
be used to fund the cash payments due upon exercise of the Guariche option and
exploration on the Guariche properties if the option is exercised, for
development of the Brimstone project at the Company's Hycroft Mine and
exploration on the Company's mineral properties in Nevada and Peru. Any
remaining net proceeds, including unused proceeds if the Guariche option is not
exercised, will
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be used for general corporate purposes including ongoing exploration and
development expenditures and acquisition opportunities as they arise.
Granges Inc. is an international gold mining and exploration company based in
Denver, Colorado, with its registered office in Vancouver, British Columbia.
Its holdings range from the Hycroft Mine in Nevada to exploration properties in
North and South America, including the new Guariche project in Venezuela."
Item 6. Resignations of Registrant's Directors
Not applicable
Item 7. Financial Statements and Exhibits
(a) Financial Statements - none
(b) Pro Forma financial information - none
(c) Exhibit - none
Item 8. Change in Fiscal Year
Not applicable
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
GRANGES INC.
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(Registrant)
Date: July 8, 1996 By:/s/ A. J. ALI
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A. J. Ali, CA
Vice President Finance and
Chief Financial Officer
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