<PAGE>
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: June 11, 1997
Date of earliest event reported: June 10, 1997
ATLAS CORPORATION
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C> <C>
DELAWARE 1-2714 13-5503312
(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
</TABLE>
370 SEVENTEENTH STREET, SUITE 3050
DENVER, COLORADO 80202
(Address of principal executive offices)
(303) 629-2440
(Registrant's telephone number, including area code)
Page 1 of 5
<PAGE>
ITEM 5. OTHER EVENTS
The news release dated June 10, 1997 a copy of which is attached as Exhibit
99 hereto, is incorporated herein by reference and made a part hereof.
Page 2 of 5
<PAGE>
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: June 11, 1997 By: /s/ James R. Jensen
-------------------
James R. Jensen
Treasurer, Controller & Secretary
Page 3 of 5
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
99. News Release dated June 10, 1997 5
Page 4 of 5
<PAGE>
ATLAS CORPORATION NEWS RELEASE
370 SEVENTEENTH STREET, SUITE 3050 NYSE: AZ
DENVER, CO 80202
USA
BARRICK PURCHASES ATLAS'S GOLD BAR PROPERTY
_________________________________
DENVER, COLORADO JUNE 10, 1997 ATLAS CORPORATION ("Atlas") announced today that
Barrick Gold Exploration Inc. ("Barrick"), a subsidiary of Barrick Gold
Corporation, on June 6, 1997 completed the purchase from Atlas of more than 90%
of Atlas's Gold Bar properties with an option to acquire the balance within two
years. The Gold Bar claim block, situated in Eureka County, Nevada on the
prolific Battle Mountain-Eureka Trend, covers approximately 100 square miles and
contains the Gold Bar mill, a 3,200 ton per day carbon-in-leach facility.
On June 6, 1997 Atlas received $1,000,000 in cash from Barrick and Barrick
purchased one million Atlas Common Shares at $1 per share. Under the terms of
the purchase, during the next two years Barrick will spend $3,000,000 on the
property. At Barrick's election, after the two year term, the balance of the
Gold Bar property will be conveyed to Barrick and Atlas may elect either to
receive an additional $15,000,000 in cash and retain a 2% net smelter royalty,
or to participate with Barrick in the further exploration and development of
Gold Bar as a 25% carried joint venture participant. If Atlas elects to
participate as a joint venture partner Barrick will spend a minimum of
$15,000,000 on the project. Alternatively, if Barrick chooses not to acquire
the balance of the properties within the two year period, all of Barrick's
interest in the Gold Bar properties will be reconveyed to Atlas.
Atlas Corporation is an international diversified mining company with gold
properties and development projects in North America and lead, zinc and silver
production in Bolivia, South America. The Company's publicly traded 65%-owned
subsidiary Cornerstone Industrial Minerals Corporation produces the industrial
mineral perlite from its Oregon facility.
FOR FURTHER INFORMATION PLEASE CONTACT:
Leslie Young
Director, Investor Relations
Phone: 303-629-2435
Page 5 of 5
