Canada's Alamos Gold Inc has agreed to buy two gold projects in Turkey from Fronteer Development Group Inc and Teck Resources Ltd in a cash-and-stock deal worth about $85 million.
Alamos will pay $40 million in cash and offer 4 million of its shares to buy certain Turkish units held by Fronteer and Teck, it said in a statement.
Based on Alamos' close of C$11.91 Tuesday on the Toronto Stock Exchange, the share component of the transactions will amount to C$47.6 million ($45 million).
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