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Teck Resources (TCK) Acquires Minority Stake in Jet Gold Corp

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Teck Announces Acquisition of Securities of Jet Gold

August 30, 2016 11:00 PM EDT

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/30/16 -- Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common... More