Teck Cominco issues 7.27 million shares ahead of conversion

Pittsburgh, Oct. 13 - Teck Cominco Ltd. issued 7.27 million class B subordinate voting shares in exchange for $156.22 million of its convertible subordinated debentures due 2006 ahead of the Oct. 12 redemption, according to a company news release.

A total of $13.78 million of debentures were redeemed for $13.39 million in cash, the release said.

Teck Cominco is a Vancouver diversified mining company.

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