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BRIEF-Tahoe to obtain 100 pct interest in Whitney joint venture

Published 2016-07-05, 06:26 a/m
© Reuters.  BRIEF-Tahoe to obtain 100 pct interest in Whitney joint venture

July 5 (Reuters) - Tahoe Resources Inc TAHO.N
* Tahoe Resources acquires 2 pct NSR royalty at Bell Creek,
signs letter of intent to obtain 100 pct interest in Whitney
Joint Venture
* Tahoe Resources Inc says deal valued at $12.5 million
* To assume closure liabilities with respect to Whitney JV
properties, including historic liabilities not previously
assumed by Whitney JV
* Historic liabilities are currently estimated by Tahoe to
total about $12.0 million
* Under terms of letter of intent, Tahoe will assume all
closure liabilities with respect to Whitney JV properties
* Whitney JV transaction is subject to execution of a
definitive agreement and to approval of Tahoe's board of
directors

Source text for Eikon: ID:nCCN6TVN4g
Further company coverage: TAHO.N

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