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 (Date of earliest event reported):
February 27, 1998
CROWN RESOURCES CORPORATION
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(Exact name of registrant as specified in its charter)
Washington 0-17480 84-1097086
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
1675 Broadway, Suite 2400, Denver, Colorado 80202
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(Address of Principal Executive Offices)
Registrant's telephone number,
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including area code: (303) 534-1030
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1225 17th Street, Suite 1500, Denver, Colorado 80202
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(Former name or former address, if changed since last report)
Item 5. Other Events.
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On February 24, 1998, the Board of Directors of the Company authorized the
issue of 1,000,000 shares of common stock, priced at $4.625 per share, in a
private placement, the terms of which are set forth in the attached Stock
Purchase Agreement. The shares were purchased by a single London-based
institutional investor. Use of proceeds will be for general corporate purposes.
Further details are set forth in the press release issued by the Company in
connection with the Board of Directors' approval of the Stock Purchase
Agreement, attached hereto as an exhibit and incorporated herein by reference.
A copy of the Stock Purchase Agreement is attached hereto as an exhibit and
incorporated herein by reference. The foregoing description of the Stock
Purchase Agreement is qualified by reference to such exhibit.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits.
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Exhibit
Number Description
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10.1 Form of Stock Purchase Agreement between Crown Resources
Corporation and The Equitable Life Assurance Society, dated February
23, 1998.
10.2 Letter of Agreement with Mr. David Williamson Associates Ltd.
20.1 Press Release issued by the Company on March 2, 1998.
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, thereunto duly authorized.
CROWN RESOURCES CORPORATION
Dated: March 3, 1998 By: /s/ James R. Maronick
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James R. Maronick
Vice President-Finance
INDEX TO EXHIBITS
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Exhibit
Number Description Page No.
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10.1 Form of Stock Purchase Agreement between Crown
Resources Corporation and The Equitable Life
Assurance Society, dated February 23, 1998.
10.2 Letter of Agreement with Mr. David Williamson
Associates Ltd.
20.1 Press Release issued by the Company on
March 2, 1998.