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DICKENSON MINES LIMITED GOLD LOAN RESTRUCTURING

 DICKENSON MINES LIMITED GOLD LOAN RESTRUCTURING
 TORONTO, Jan. 15 /PRNewswire/ -- Dickenson Mines Limited today


announced that the lender of the company's 61,200 ounce gold loan has agreed to reschedule the loan repayment to six equal semi-annual installments commencing Jan. 15, 1993, subject to timely completion of certain documentation.
 This restructuring has been arranged in order to facilitate the expected retraction in September 1992 of the company's $22.9 million 8.5 percent convertible subordinated debentures. The company expects to finance the repayment of the debentures with its existing cash and internally generated cash flow.
 "This gold loan restructuring is a very positive component of our continuing plan to improve financial liquidity, and supports our long- term planning for mine development", said Robert McEwen, chief executive officer.
 -0- 1/15/92
 /CONTACT: Rolando C. Francisco, senior vice president and chief financial officer of Dickenson Mines, 416-361-0402/
 (DML) CO: Dickenson Mines Limited ST: Ontario IN: MNG SU:


JT -- NY058 -- 0021 01/15/92 12:54 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:165
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