Article: Teck Announces Proposed Sale of Turkish Gold Projects.

Article from:
Marketwire Canada
Article date:
September 23, 2009
Copyright

VANCOUVER, BRITISH COLUMBIA, Sep 23, 2009 (Marketwire via COMTEX) -- Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today 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$40 million and issue 4 million shares to Teck and Fronteer in connection with the transaction. Closing of the transaction is subject to execution of definitive agreements and customary conditions.

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