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Teck Sells Interest in Haib to Deep-South Resources
Teck Resources Ltd announced it has entered into a definitive agreement to sell its 70% interest in Haib Minerals Ltd to Deep-South Resources Inc, who holds the remaining 30% interest in Haib. Haib holds a 100% interest in the Haib copper project located in Namibia. As part of the consideration under the sales agreement, Teck will receive 13.6 million common shares of Deep-South at closing. The shares issued on closing, together with the 4.17 million common shares currently held by Teck, will result in Teck holding approximately 35% of Deep-South's outstanding shares on an undiluted basis.
Teck Sells Interest in Haib to Deep-South Resources
Teck Resources Ltd announced it has entered into a definitive agreement to sell its 70% interest in Haib Minerals Ltd to Deep-South Resources Inc, who holds the remaining 30% interest in Haib. Haib holds a 100% interest in the Haib copper project located in Namibia. As part of the consideration under the sales agreement, Teck will receive 13.6 million common shares of Deep-South at closing. The shares issued on closing, together with the 4.17 million common shares currently held by Teck, will result in Teck holding approximately 35% of Deep-South's outstanding shares on an undiluted basis.
Teck Sells Interest in Haib to Deep-South Resources
2017
Article (Journal)
English
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