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ROYAL OAK WARRANTS LISTED FOR TRADING ON TSE

 ROYAL OAK WARRANTS LISTED FOR TRADING ON TSE
 VANCOUVER, British Columbia, Dec. 30 /PRNewswire/ - Royal Oak


Mines Inc. (AMEX, Toronto: RYO) announced today that its warrants were listed for trading on the Toronto Stock Exchange on Dec. 24, 1991. The warrants are not listed for trading on the American Stock Exchange.
 The company has 6,943,753 warrants outstanding. One warrant will entitle the holder to purchase one common share of the company at a price of $1.65 per share until 4:00 p.m. (Toronto time) on Nov. 1, 1993.
 Royal Oak Mines Inc. was formed as a result of the amalgamation of Royal Oak Resources Ltd., Pamour Inc., Giant Yellowknife Mines Ltd., Pamorex Minerals Inc. and Akaitcho Yellowknife Gold Mines Ltd. on July 23, 1991. The number of warrants now outstanding and the exercise price reflect adjustments made pursuant to the amalgamation when six common shares of Royal Oak Resources Ltd., the original issuer of the warrants, were exchanged for five common shares of Royal Oak Mines Inc.
 Royal Oak Mines Inc. is one of North Amercia's newest major gold mining companies producing approximately 200,000 ounces annually from mining operations at Timmins, Ontario and Yellowknife, Northwest Territories.
 -0- 12/30/91
 /CONTACT: J. Graham Eacott of Royal Oak Mines, 604-682-8320; or in Europe, James B. Clubb of Clubb Associates, International Investor Relations, 011-071-490-5558, for Royal Oak Mines/
 (RYO.) CO: Royal Oak Mines Inc. ST: British Columbia IN: MNG SU:


KJ -- LA005 -- 5647 12/30/91 12:30 EST
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Publication:PR Newswire
Date:Dec 30, 1991
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