Teck buys shares of Northern Crown

A planned private placement of 770,000 shares at 65 cents each will give Teck (TSE) an initial 15.5% holding in Northern Crown Mines (VSE).

The placement includes warrants to purchase an additional 951,000 shares at prices ranging from $1 up to $8 per share, up to April 1, 1995. Teck also has the right to earn a 50% interest in Northern Crown’s Guadalupe De Los Reyes project in the State of Sinalao, Mexico.