(businesspress24) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/20/17 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it has subscribed for and acquired an additional 543,478 common shares of Erdene Resource Development Corp. (TSX: ERD) ("Erdene"), at a cost of $0.92 per common share, in a private placement conducted by Erdene.
Following the subscription, Teck holds 13,222,904 common shares of Erdene, or approximately 9.1% of Erdene''s outstanding common shares. Due to recent share issuances by Erdene, Teck''s beneficial ownership of, or control or direction over, Erdene common shares decreased to less than 10%.
Erdene is a mining company focused on the acquisition, exploration and development of base and precious metals in Mongolia.
The subscription was made for investment purposes and to satisfy certain funding commitments under a private placement agreement entered into with Erdene in April 2013. Teck may otherwise determine to increase or decrease its investment in Erdene depending on market conditions and any other relevant factors. This release is required to be issued under the early warning requirements of applicable securities laws. A copy of the early warning report may be obtained from the contacts listed below.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at or follow .
TORONTO, ONTARIO -- (Marketwired) -- 03/24/17 -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) ("Barrick") today announced that its 2016 Annual Information Form is now available on SEDAR (). Barrick''s 2016 Annual Report, Informatio ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/24/17 -- Timmins Gold Corp. (the "Company") (TSX: TMM)(NYSE MKT: TGD) hereby notifies shareholders, in accordance with the requirements of the NYSE MKT LLC, that the Company''s audit ...
DENVER, COLORADO and VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/24/17 -- Sandspring Resources Ltd. (TSX VENTURE: SSP)(OTCQX: SSPXF) ("Sandspring" or the "Company") is pleased to announce the appointment of Gordon Keep to the ...
GUERNSEY, CHANNEL ISLANDS -- (Marketwired) -- 03/24/17 -- Further to the press release of Coro Mining Corp. ("Coro") of 22 March 2017, Greenstone Resources L.P. ("Greenstone") announces that it has signed a binding term sheet (the &q ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/24/17 -- International Wastewater Systems Inc. ("IWS" or the "Company") (CSE: IWS)(CSE: IWS.CN)(FRANKFURT: IWI)(OTC PINK: INTWF) announces that the Company''s CEO, Mr. Lynn ...
Who is online
Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.