30
Sep
12:49
Hannan Metals, Teck Resources close on strategic investment deal
Hannan Metals and Teck Resources have closed on a strategic private placement financing deal, Kallanish reports.
British Columbia-based Teck Resources has subscribed for 9.18 million common shares of Hannan at a price of CAD $0.28 ($0.21)/common share for gross proceeds to Hannan of CAD 2.579m. Teck now holds 9.0% of the issued common shares of Hannan.
“We welcome Teck as a shareholder, and thank them for their support of both our technical and social teams…
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Very good overview of the weekly steel market.
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