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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
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):
NOVEMBER 11, 1996
SUNSHINE MINING AND REFINING COMPANY
STATE OF DELAWARE 33-98876 75-2618333
(STATE OF ORGANIZATION) (COMMISSION FILE NO.) (IRS EMPLOYER IDENTIFICATION NO.)
877 W. MAIN STREET, SUITE 600, BOISE, IDAHO 83702
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (208) 345-0660
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Item 5. Other Events.
Pursuant to the terms of the Merger Agreement between Sunshine Mining
and Refining Company and its wholly owned subsidiary Sunshine Merger Company,
which on the effective date of the merger was renamed Sunshine Mining and
Refining Company ("SMRC"), and based on the average closing price of SMRC's
Common Stock for the first 120 NYSE trading days after the effective date of
the merger, an additional 2.35 shares of SMRC Common Stock have been issued
for each share of Preferred Stock held on the effective date.
Also pursuant to the terms of the Merger Agreement, and based on the
average closing price of SMRC's Common Stock for the first 120 NYSE trading
days after the effective date of the merger, the exercise price of the Warrants
issued pursuant to the merger has been reduced from $1.92 to $1.38.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant had duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
SUNSHINE MINING AND REFINING COMPANY
Date: December 9, 1996 By: /s/ John S. Simko
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John S. Simko, President and Chief
Executive Officer