The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Teck Announces Exercise of Strait Minerals Warrants

Thursday, September 05, 2013

Teck Announces Exercise of Strait Minerals Warrants

09:15 EDT Thursday, September 05, 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 5, 2013) - Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") announced that it has exercised 3,000,000 warrants to purchase 3,000,000 common shares of Strait Minerals Inc. (TSX VENTURE:SRD) ("Strait"), at a cost of $0.12 per common share.

Following the exercise, Teck directly holds 9,000,000 common shares of Strait, representing approximately 14.9% of the outstanding common shares of Strait.

Strait is a Canadian mineral exploration company active solely in Peru since 2003. The exercise was made to satisfy one of the conditions to earning a 45% interest in Strait's 100% owned Alicia property in Peru, as well as for investment purposes. Teck may determine to increase or decrease its investment in Strait depending on market conditions and any other relevant factors.

This release is required to be issued under the early warning requirement of the Ontario Securities Act and National Instrument 62-103.

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. More information about Teck can be found at: www.teck.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Teck Resources Limited - Investor Contact
Greg Waller
Vice President, Investor Relations and Strategic Analysis
604.699.4014
greg.waller@teck.com


Teck Resources Limited - Media Contact
Chris Stannell
Senior Communications Specialist
604.699.4368
chris.stannell@teck.com
www.teck.com

Products
  • 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

GlobeLink.ca

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

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections