Tech (TCH) Announces Sale of Turkish Gold Project to Almos

Teck Resources Limited (NYSE: TCK) announced  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$40M and issue 4M shares to Teck and Fronteer in connection with the transaction.