Teck to increas stake in Cominco Golden Knight

The three companies currently have a 40% collective interest in Cominco, with Teck holding 20% of this amount.

Under the joint notice, the three companies can purchase in aggregate up to 5% of the outstanding common shares of Cominco until October 29, 1989. Any purchases will be 50% to Teck’s account, with the remainder split equally between Metall and M.I.M.

On its own, Teck announced it intends to purchase additional common shares of Golden Knight Resources (TSE) and Trilogy Resource Corporation (TSE).

Under notices filed and accepted by the TSE, Teck may purchase up to 5% of the outstanding shares of these companies during the period Aug 4, to Nov 2, 1989.

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