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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: October 18, 1996
Date of earliest event reported: October 16, 1996
ATLAS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-2714 13-5503312
(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
370 SEVENTEENTH STREET, SUITE 3050
DENVER, COLORADO 80202
(Address of principal executive offices)
(303) 825-1200
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
The news release dated October 17, 1996, a copy of which is attached
as Exhibit 1 hereto, is incorporated herein by reference and made a part hereof.
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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 hereunto duly authorized.
ATLAS CORPORATION
Date: October 18, 1996 By: /s/ Jerome C. Cain
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Jerome C. Cain
Vice President - Finance and
Secretary
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EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
1. News Release dated October 17, 1996 5
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[LOGO OF
ATLAS
CORPORATION ATLAS CORPORATION
APPEARS
HERE] 370 Seventeenth Street Trading Symbol: AZ
Suite 3050 New York Stock Exchange
Denver, CO 80202
Telephone: (303) 629-2440
FAX: (303) 629-2445 NEWS FOR IMMEDIATE RELEASE
--------------------------------------------------
ATLAS ELECTS CHAIRMAN AND
FUNDS EXPANSION PROGRAMS OF ITS BOLIVIA OPERATIONS
Denver, CO, October 17, 1996 -- Atlas Corporation announced today that
it has elected Douglas R. Cook as non-executive Chairman. He has been a
director of Atlas for six years and is President of Cook Ventures Inc.
Previously Mr. Cook was Vice President of Freeport Minerals Co., President of
Freeport Exploration Co., and Senior Vice President and Director of Freeport
McMoRan Gold Co.
In order to fund the expansion of its Bolivian operations, including
the recently acquired Andacaba and Don Francisco mines, Atlas has sold 4,240,324
Common Shares of Granges Inc. at Cdn$1.80 per share. Atlas continues to hold
8,474,576 Granges Common Shares, or approximately 15.1%, which percentage
interest in Granges is expected to be further reduced to approximately 9.6% upon
the completion of the pending amalgamation of Granges Inc. and Da Capo Resources
Ltd.
#####
For further information, please contact: Jerome C. Cain, Vice President or
Mario Caron, Director
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