RE:RE:Teck TCK putting some cash into AHC I hate to say this but the story is starting to look interesting again.
Teck acquires 1.5 million Artha units
2015-05-20 16:08 ET - News Release
See News Release (C-TCK) Teck Resources Ltd
Mr. Greg Waller of Teck reports
TECK ANNOUNCES ACQUISITION OF ARTHA RESOURCES UNITS
Teck Resources Ltd. has acquired 1.5 million units of Artha Resources Corp. at a deemed price of 12 cents per unit. Each unit consists of one common share and one-half of one warrant, with each whole warrant entitling the holder to purchase for 24 months from the date of issuance a common share of Artha at an exercise price of 18 cents per share. The acquisition was made in connection with the termination of an option agreement between Teck and Artha on an exploration property.
Combined with previous holdings, Teck holds 1.75 million Artha common shares and 750,000 warrants. If Teck were to exercise the warrants, it would hold approximately 23.9 per cent of Artha's outstanding common shares, calculated on a partially diluted basis assuming the exercise of the Teck warrants only. Any exercise of warrants that would result in Teck owning more than 19.9 per cent of Artha's outstanding common shares would be subject to Artha shareholder approval.
Teck may otherwise determine to increase or decrease its investment in Artha, depending on market conditions and any other relevant factors.
This release is required to be issued under the early warning requirements of applicable securities laws.