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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
KINROSS GOLD CORPORATION
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(Last) (First) (Middle)
SUITE 5200, 40 KING STREET WEST
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(Street)
TORONTO ONTARIO M5H 3Y2
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(City) (State) (Zip)
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2. Date of Event Requiring Statement
SEPTEMBER 5, 2001
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
ECHO BAY MINES LTD.; ECO
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
CONTROLLER
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6. If Amendment, Date of Original (Month/Day/Year)
N/A
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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NONE
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If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date ------------------------------ 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
1. Title of ------------------- or Exercise (D) or indirect
Derivative Date Expira- Number Price of indirect Beneficial
Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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EXCHANGEABLE (1) N/A COMMON SHARES(1) 57,126,674 (1) D
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CAPITAL
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SECURITIES
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Explanation of Responses:
On September 5, 2001, the Reporting Person entered into a Letter Agreement with
the Issuer with respect to the Reporting Person's holding of 15.8% of the
Issuer's capital securities (which are not registered under Section 12 of the
Securities and Exchange Act of 1934) outstanding. The Reporting Person has
agreed to exchange the Issuer's capital securities owned by the Reporting Person
for 57,126,674 common shares of the Issuer. Completion of the transaction is
subject to certain conditions including (i) 90% of the remaining capital
security holders must agree, prior to the mailing of proxy solicitation
materials by the Issuer to its shareholders, to exchange on the same terms as
the Reporting Person (ii) the Issuer's lenders must consent under their
syndicated bank loans to the exchange, (iii) the approval of the exchange by the
holders of the common shares of the Issuer and (iv) any necessary regulatory
approvals must be received. Assuming all holders of the Issuer's capital
securities elect to exchange and all of the foregoing conditions are met, the
Reporting Person would own 11.4% of the common shares of the Issuer.
KINROSS GOLD CORPORATION
/s/ SHELLEY M. RILEY SEPTEMBER 13, 2001
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**Signature of Reporting Person Date
Shelley M. Riley, Secretary
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.