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Tech (TCH) Announces Sale of Turkish Gold Project to Almos
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Posted on 09/24/09 at 4:43am by Ben Zinga
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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