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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: January 15, 1997
Date of earliest event reported: January 8, 1997
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)629-2440
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
The news release dated January 8, 1997, 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: January 15, 1997 By: /s/ Jerome C. Cain
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Jerome C. Cain
Vice President\Finance & Secretary
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EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
99 News Release dated January 8, 1997 5
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[LETTER HEAD OF ATLAS CORPORATION] NEWS RELEASE
ATLAS CORPORATION OPTIONS DOBY GEORGE PROPERTY FOR $3 MILLION
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Denver, CO, January 8, 1997 -- Atlas Corporation announced that it has granted
an exclusive option to Aquaterre Mineral Development Ltd. to purchase Atlas'
Doby George property, located in Elko County, Nevada, for a total purchase price
of $3,000,000.
Aquaterre has paid $50,000 for this exclusive option which must be exercised
on or before April 18, 1997. Upon exercise of the option, Atlas will receive
$1,500,000 and on or before December 31, 1997, an additional $1,450,000 either
in cash or common shares of Aquaterre. Conclusion of this transaction would
allow Atlas to fully recover its costs.
Atlas is a mining company with operations in Bolivia, gold assets in Nevada
and Oregon and holds approximately 65% of Cornerstone Industrial Minerals
Corporation, which is developing the Tucker Hill perlite property.
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