The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Teck Announces Subscription to True Gold Mining Share Placement

Thursday, May 09, 2013

Teck Announces Subscription to True Gold Mining Share Placement

12:30 EDT Thursday, May 09, 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2013) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it has subscribed for and acquired an additional 30,303,030 common shares of True Gold Mining Inc. (TSX VENTURE:TGM) ("True Gold"), at a cost of $0.33 per common share, as part of a non-brokered private placement conducted by True Gold, a Canadian gold exploration company. The common shares issued to Teck are restricted from trading until September 10, 2013.

As a result of today's subscription, Teck holds 32,053,030 common shares of True Gold, representing approximately 15% of True Gold's outstanding common shares. The subscription was made for investment purposes. Teck may otherwise determine to increase or decrease its investment in True Gold depending on market conditions and any other relevant factors.

This release is required to be issued under the early warning requirements of applicable securities laws.

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK.


Contact Information:
Teck Resources Limited
Greg Waller
Vice President, Investor Relations and Strategic Analysis

Teck Resources Limited
Chris Stannell
Senior Communications Specialist

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections