Tech (TCH) Announces Sale of Turkish Gold Project to Almos
By Ben Zinga
September 24, 2009 4:43 AM
September 24, 2009 4:43 AM
Symbols: TCK
Posted in: News, Press Releases
Teck Resources Limited (NYSE: TCK) announced that it has entered into a memorandum of understanding with Fronteer Development Group Inc. and Alamos Gold Incorporated providing for the purchase by Alamos of the Agi Dagi and Kirazli gold projects in Turkey, in which Teck has a 60% interest.
Alamos will pay US$40M and issue 4M shares to Teck and Fronteer in connection with the transaction.
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