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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 13, 1996
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GRANGES INC.
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(Exact name of registrant as specified in its charter)
1-9025 Not Applicable
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(Commission File No.) (I.R.S. Employer Identification No.)
British Columbia, Canada
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(State or other jurisdiction of incorporation or organization)
Suite 3000, 370 Seventeenth Street, Denver, CO, USA 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 303-629-2450
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Not Applicable
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(Former name or former address, if changed since last report)
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GRANGES INC.
Item 1. Changes in Control of Registrant
Not applicable
Item 2. Acquisition or Disposition of Assets
Not applicable
Item 3. Bankruptcy or Receivership
Not applicable
Item 4. Changes in Registrant's Certifying Accountant
Not applicable
Item 5. Other Events
(a) On August 13, 1996, the Registrant issued the following
press release:
"GRANGES AND DA CAPO EXTEND SIGNING DATE
TO AUGUST 15, 1996
VANCOUVER, BRITISH COLUMBIA, AUGUST 13, 1996 - Granges Inc. and Da Capo
Resources Ltd. announced today that they have extended the date for signing a
definitive merger agreement to August 15, 1996, pending resolution of issues
relating to the terms of a support agreement from Atlas Corporation, which
holds 22.8 percent of the outstanding shares in Granges.
Under the previously announced agreement between the two companies, unanimously
approved by their boards, Granges and Da Capo agreed to amalgamate into a
single company. The amalgamation agreement is subject to shareholder, court,
and regulatory approval; completion of due diligence; the receipt of support
agreements to vote in favor of the transaction at special shareholders meetings
from Atlas Corporation and the principal shareholder of Da Capo, Ross Beaty;
and the execution of a definitive agreement.
Michael Richings, President and Chief Executive Officer of Granges, stated
today that all conditions set out in the memorandum of agreement have been
satisfied including due diligence, except the signing of the definitive
agreement, the terms of which have been settled, and receipt of a satisfactory
support agreement from Atlas Corporation. Granges and Da Capo have now agreed
that, in order for the amalgamation to proceed, the definitive agreement and an
acceptable support agreement from Atlas must be signed no later than August 15,
1996. The purpose of the extension is to give Granges and Atlas additional
time to discuss a number of conditions, which Atlas Corporation has requested
in return for signing a support agreement.
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Granges Inc. is an international gold mining and exploration company based in
Denver, Colorado, with its registered office in Vancouver, British Columbia.
Its holdings range from the Hycroft Mine in Nevada to exploration properties
and development projects in North and South America."
Item 6. Resignations of Registrant's Directors
Not applicable
Item 7. Financial Statements and Exhibits
(a) Financial Statements - none
(b) Pro Forma financial information - none
(c) Exhibit - none
Item 8. Change in Fiscal Year
Not applicable
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
GRANGES INC.
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(Registrant)
Date: August 20, 1996 By: /s/ A. J. ALI
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A. J. Ali, CA
Vice President Finance and
Chief Financial Officer
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