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Gold/Mining/Energy : Western Copper Holdings - WTC.T -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (521)9/13/2002 12:22:38 PM
From: div5226  Read Replies (1) | Respond to of 754
 
Wayne

"Yes I assumed this as well. However the PR appears to imply they will be on the market?"

What that statement means is that the cross will be recorded as a market transaction and
will appear on the tape. This is always the case in private trasnsactions
as distinct from Treasury stock which is sold as a private placement. Teck and the buyer
will enact a public transaction which will be reflected on the tape. Any individual can
offer to buy or sell WTC at the same time but at the time of the Teck transaction they will
be in competition with a sale and purchase of up to 1.5 million shares and therefore not
likely to make muich of a dent in the proceedings.