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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) October 8, 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 October 8, 1996, the Registrant issued the
following press release:
"AMAYAPAMPA PROJECT AND HYCROFT MINE UPDATE"
DENVER, COLORADO, OCTOBER 8, 1996 -- In anticipation of the completion of the
amalgamation with Da Capo Resources at the end of October and by agreement with
Da Capo, Granges is advancing the preparation of the final feasibility study of
the Amayapampa and Capa Circa projects. Key development staff are in place,
and infrastructure development and environmental baseline studies are currently
underway. Approximately two tonnes of metallurgical samples have been shipped
to North American laboratories for optimization testing. Diamond drilling and
underground development activities at Amayapampa--to increase the open pit
mineable reserve from the current level of 500,000 ounces of gold-- have
commenced. A similar program will be undertaken at Capa Circa.
The final feasibility study for the Amayapampa project will be complete by
April 1, 1997, and construction will follow shortly thereafter. The new plant
will be designed to produce approximately 100,000 ounces per year of gold from
an open pit mining operation at Amayapampa and from an underground mine at Capa
Circa.
At the Hycroft Mine, the Brimstone expansion is proceeding on schedule. The
first ore is now being placed on the new pad, and gold production is expected
from the new plant before the end of the year. Upon completion of the
expansion, gold production will increase from a current designed capacity of
100,000 ounces per year to an anticipated level of 115,000 ounces for 1997."
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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
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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: October 21, 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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