SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities Act
of 1934
Date of Report (date of earliest event reported): May 24, 1996
Mallon Resources Corporation
(exact name of registrant as specified in its charter)
Colorado 0-17267 84-1095959
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
999 18th Street, Suite 1700, Denver, Colorado 80202
(address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (303) 293-2333
not applicable
(former name or former address, if changed since last report)
Item 5. Other Events
On May 27, 1996, Mallon Resources Corporation (the "Company") issed a
press release, the text of which was as follows:
Mallon Resources Corporation (Nasdaq: MLRC) reported that its gold
mining unit, Laguna Gold Company, has completed a US$5,000,000 private
financing in Canada.
Laguna sold 5,000,000 Special Warrants at a price of US$1.00 per
Special Warrant, for total proceeds of US$5,000,000. Each Special
Warrant represents one share of Laguna common stock and a warrant to
purchase an additional share for US$1.50 at any time on or before
November 24, 1997. Following the financing, Mallon's 14.4 million
shares represent approximately 57% of Laguna's issued and outstanding
common shares. As part of the financing, Laguna is obligated to
register its common stock for trading on the Toronto Stock Exchange,
as soon as possible.
Laguna is engaged in the exploration for and development of precious
metals in Costa Rica. It holds concessions covering approximately 277
square kilometers, including the Rio Chiquito Deposit, which contains
diluted proven and probable mineable ore reserves of 3,578,659 tonnes
with average grades of 1.520 grams of gold and 10.914 grams of silver
per tonne. Net proceeds derived from the Special Warrant financing
are intended to be used to further explore Laguna's mineral
exploration projects.
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.
Mallon Resources Corporation
June 3, 1996 __/s/ Roy K. Ross________________
Roy K. Ross, Executive Vice President
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