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Echo Bay Announces New Bank Facility Arrangements
 
    EDMONTON, Alberta, Oct. 5 /PRNewswire/ -- Echo Bay Mines Ltd.
(Toronto; Amex: ECO) announced today that it has made interim arrangements
with one of its syndicated bankers to establish a new revolving and letter of
credit facility for up to US$21 million.  Concurrently, the company has drawn
on the facility to repay its syndicated bank debt of US$17 million.

    Echo Bay mines gold and silver in North America.  The primary markets for
its common shares are the American and Toronto stock exchanges.
SOURCE Echo Bay Mines Ltd.



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  • http://www.echobay.com
    CONTACT:
    Tom Yip, Vice President and Chief Financial
    Officer of Echo Bay Mines Ltd., +1-303-714-8720
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