Brief: Teck Increasing Interest In Deep-South Through Settlement And Amending Agreement

Koryx Copper

01/07/2020 01:09

June 30 (Reuters) - Teck Resources Ltd  TECKb.TO :
    * TECK INCREASING INTEREST IN DEEP-SOUTH THROUGH SETTLEMENT
AND
AMENDING AGREEMENT
    * TECK RESOURCES - PAST AMOUNTS DUE TO CO WILL BE SETTLED
THROUGH
ISSUANCE OF 4,352,941 SHARES OF DEEP-SOUTH TO CO AT IMPLIED
PRICE OF $0.085 PER SHARE
    * TECK RESOURCES - PARTIES HAVE AGREED TO AMEND CONVERTIBLE
DEBENTURE BY EXTENDING MATURITY TO DEC 31, 2021 AND REDUCING
CONVERSION PRICE TO $0.09PER SHARE

Source text for Eikon:  ID:nGNX6q1BLC 
Further company coverage:  TECKb.TO 

 (Reuters.Briefs@thomsonreuters.com)