A $12-million private placement by Cominco (TSE) will provide an cash infusion enabling Cominco Resources International (TSE) to advance projects in Turkey and Chile and meet ongoing requirements of the Glenbrook nickel smelter.
After the issue, Cominco will increase its ownership in Cominco Resources to 59.2% from 55.6%. The two companies are partners at the nickel smelter in Oregon.
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