-----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, K9YNH+esLhuvZbIjUSrgi+dgUGM9phtjnHsW5dGHYaVBQSphxQJl8LyiqN780XVj zBxe2/AYX3mHhFDRxfzuxA== 0000927356-97-000185.txt : 19970303 0000927356-97-000185.hdr.sgml : 19970303 ACCESSION NUMBER: 0000927356-97-000185 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970228 ITEM INFORMATION: Other events FILED AS OF DATE: 19970228 SROS: AMEX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLAS CORP CENTRAL INDEX KEY: 0000008302 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 135503312 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02714 FILM NUMBER: 97547027 BUSINESS ADDRESS: STREET 1: 370 SEVENTEENTH ST STREET 2: STE 3150 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3038251200 MAIL ADDRESS: STREET 1: 370 SEVENTEENTH STREET STREET 2: STE 3150 CITY: DENVER STATE: CO ZIP: 80202 8-K 1 FORM 8-K FOR ATLAS CORPORATION 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: February 28, 1997 Date of earliest event reported: February 27, 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) Page 1 of 5 ITEM 5. OTHER EVENTS The news release dated February 27, 1997 a copy of which is attached as Exhibit 1 hereto, is incorporated herein by reference and made a part hereof. Page 2 of 5 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: February 28, 1997 By: /s/ James R. Jensen ------------------------ James R. Jensen Treasurer and Controller Page 3 of 5 EXHIBIT INDEX Exhibit No. Description Page No. - ----------- ----------- -------- 1. News Release dated February 27, 1997 5 Page 4 of 5 EXHIBIT 1 ATLAS CORPORATION CORNERSTONE INDUSTRIAL 370 SEVENTEENTH STREET, SUITE 3050 MINERALS CORPORATION DENVER, CO 80202-5610 370 SEVENTEENTH STREET, SUITE 3050 NYSE: AZ DENVER, CO 80202-5610 CDN: CORN NEWS RELEASE ATLAS AND CORNERSTONE ANNOUNCE COMMENCEMENT OF OPERATIONS AT TUCKER HILL ____________________________ DENVER, COLORADO - FEBRUARY 27, 1997 - ATLAS CORPORATION (ATLAS) AND CORNERSTONE INDUSTRIAL MINERALS CORPORATION (CORNERSTONE) said today that the Tucker Hill perlite project has commenced operations. The Tucker Hill Project is located in Lakeview, south-central Oregon, and is owned and operated by Cornerstone, a majority-owned publicly listed subsidiary of Atlas. Mining of perlite ore, which is stockpiled for processing at the plant, began in December 1996 at the Tucker Hill Quarry. The plant and quarry are operated by a Cornerstone staff employed from the Lakeview area. Perlite is a versatile, environmentally-friendly volcanic glass which is mined, crushed and sized to specification for customers who subsequently expand the material for use. Initially the Lakeview plant will process three grades of perlite. One grade, about the size of beach sand, is used for fabricating building products and acoustic ceiling tiles. The plant will also produce a coarser, horticultural grade of the material used in potting soil and as a soil conditioner and a much finer grade which has other applications including use as a filter media for pharmaceuticals, food products and chemicals. "We have our first contract in place, which is for annual delivery of 40,000 tons to one of the largest domestic producers of acoustic tile and we are finalizing negotiations for additional contracts," Mr. Gregg Shafter, Vice President Project Development said. "We have completed our first contracted shipment and anticipate reaching in excess of 5,000 tons per month shortly, with 1997 production projected at 55,000 tons," Mr. Shafter stated. "The plant is permitted for production of 100,000 tons per year. We believe that plant capacity may be increased to 150,000 tons annually. The Tucker Hill deposit is of exceptional quality and contains a resource of commercial grade ore sufficient to supply current North American demand for many years. Preliminary estimates of the geologic resource are in excess of 50 million tons. The Lakeview operation combines the product quality, competitive production cost and access to transport which are key to creating a successful industrial minerals project with near-term positive cash flow." Cornerstone Industrial Minerals Corporation is an industrial minerals company, the primary asset of which is the Tucker Hill Project. Atlas Corporation is an international diversified mining company with gold development and exploration projects in North America and lead, zinc and silver production in Bolivia, South America. FOR FURTHER INFORMATION PLEASE CONTACT: Gregg Shafter Leslie Young Vice President Project Development, Director, Investor Relations Atlas Corporation Atlas Corporation Phone: 303-629-2439 Phone: 303-629-2435 Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----