Teck Cominco calls all $170 million of convertible debentures

Pittsburgh, Sept. 10 - Teck Cominco Ltd. will redeem all its $170 million convertible subordinated debentures due 2006 at a price of $972.07, according to a company news release.

The redemption date is Oct. 12. The debentures may be converted into class B subordinate voting shares before the close on the redemption date at a rate of 46.551 shares per $1,000 of debentures, the release said.

Teck Cominco is a Vancouver-based diversified mining company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.