-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GwxGhDGuaQyIXc9cajIZIiEAw4XP0s28ZN981/2TCX+gO24zHcjm6OjquXFJk7rd Bdm9IVVvR7S8Efc2LacDbw== 0000041304-97-000045.txt : 19971219 0000041304-97-000045.hdr.sgml : 19971219 ACCESSION NUMBER: 0000041304-97-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971218 ITEM INFORMATION: FILED AS OF DATE: 19971218 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROYAL OAK MINES INC CENTRAL INDEX KEY: 0000041304 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 980160821 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04350 FILM NUMBER: 97740615 BUSINESS ADDRESS: STREET 1: 5501 LAKEVIEW DR CITY: KIRKLAND STATE: WA ZIP: 98033 BUSINESS PHONE: 4258228992 MAIL ADDRESS: STREET 1: 5501 LAKEVIEW DR CITY: KIRKLAND STATE: WA ZIP: 98033 8-K 1 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 December 18, 1997 ROYAL OAK MINES INC. ---------------------------------------------------- (Exact name of registrant as specified in its charter) Commission File Number 1-4350 ONTARIO, CANADA 98-0160821 - ------------------------------- ------------------------------- (State or other jurisdiction of (I.R.S. Employer Identification incorporation or organization) No.) c/o Royal Oak Mines (USA) Inc. 5501 Lakeview Drive Kirkland, Washington U.S.A. 98033 - ---------------------------------------- ------------------ (Address of principal executive offices) (Postal/Zip Code) (425) 822-8992 - ---------------------------------------- Registrant's telephone number, including area code Item 5. Other Events On December 18, 1997, the Registrant issued the following press release: [Royal Oak Mines Inc. Press Release Letterhead] FOR IMMEDIATE RELEASE FROM KIRKLAND December 18, 1997 Royal Oak Commits to Balance of Funding for Kemess Project Royal Oak Mines Inc. (TSE and AMEX: RYO) announced today that it executed commitment letters with a group of institutions who have committed to purchase US$45 million of Senior Secured Notes to be issued by the Company. The purchase of these notes is conditional, amongst other things, to satisfactory documentation and completion of due diligence. The transaction is expected to close before the end of the year. The funds from the closing of this transaction will be used to complete the Company's Kemess project and provide sufficient working capital for the start-up of the project as well as continued debt service. Construction of the Kemess gold-copper mine, mill and associated infrastructure facilities is approximately 82% complete. Approximately C$422 million of the capital cost of C$430 million has been committed to purchase orders for equipment and construction contracts. The Company has already received C$130 million from the government of British Columbia, which is current in its payments. Average annual production at Kemess over the 16-year mine life is forecast at approximately 250,000 ounces of gold at an estimated cash cost in current dollars of US$79 per ounce after copper credits at US$1.00 per pound. For further information, contact: or in Europe contact: Mr. J. Graham Eacott Mr. David Williamson or Mr. Nick Volk David Williamson Associates Royal Oak Mines International Investor Relations 5501 Lakeview Drive 15 St. Helen's Place, 3rd Floor Kirkland, WA 98033-7314 London, England EC3A 6DE Telephone: (425) 822-8992 Telephone: 011-44-171-628-3989 Facsimile: (425) 822-3552 Facsimile: 011-44-171-920-0563 Internet site: http://www.royal-oak-mines.com SIGNATURE Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ROYAL OAK MINES INC. Date: December 18, 1997 By: /s/ James H. Wood ----------------------- James H. Wood Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----