SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): July 6, 1998
Commission File Number: 0-10104
LA TEKO RESOURCES LTD.
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(Exact Name of Registrant as Specified in its Charter)
BRITISH COLUMBIA 87-0483319
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
625 HOWE STREET, SUITE 500
VANCOUVER, B.C. V6C 2T6
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, including Area Code:
(604) 688-0833
NOT APPLICABLE
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(Former name, former address, and formal fiscal year, if changed
since last report)
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ITEM 5: OTHER EVENTS
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On July 6, 1998, La Teko Resources Ltd. announced that it had completed an
agreement with Camnor Resources Ltd. and Camnor Resources (USA) Inc.
(collectively, "Camnor"), whereby Camnor has the right to earn a 51% interest in
La Teko's Discovery Gulch property in the Circle Mining District, Alaska. Soil
sampling by La Teko in 1997 identified strong gold anomalies in a geological
environment which has many similarities to that of the recent Teck/Sumitomo Pogo
discovery.
In order to earn the 51% interest in the property, Camnor must, over a four-year
period, make payments of $215,000, including $10,000 to La Teko on signing,
issue 400,000 shares to La Teko, including 50,000 shares on Vancouver Stock
Exchange approval, and complete $800,000 in exploration on the property. The
payments include $140,000 to the underlying vendors and $75,000 to La Teko.
Camnor has committed to a minimum $75,000 exploration program for 1998. The
agreement is subject to regulatory approval.
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SIGNATURES
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Pursuant to the requirements of section 13 or 15(d) of the Securities
Exchange of 1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
LA TEKO RESOURCES LTD.
Dated: July 9, 1998 By /s/ Gerald G. Carlson, President
