Teck announces subscription to AQM copper share placement

by Keith Powell — November 20, 2013

Photo of men at AQM Copper Peru at the Zafranal exploration camp

Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") announced today that it has subscribed for and acquired an additional 22,454,545 common shares of AQM Copper Inc.

Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") announced today that it has subscribed for and acquired an additional 22,454,545 common shares of AQM Copper Inc. (TSX VENTURE:AQM) ("AQM"), at a cost of $0.11 per common share, as part of a broader private placement of 33,477,727 common shares conducted by AQM.

As a result of today's subscription, Teck and its subsidiaries hold 27,704,545 common shares of AQM, representing approximately 19.9% of AQM's outstanding common shares. The subscription was made for investment purposes. Teck may otherwise determine to increase or decrease its investment in AQM depending on market conditions and any other relevant factors.

AQM is a mining exploration and development company with projects in South America.

This release is required to be issued under the early warning requirements of applicable securities laws. A copy of Teck's early warning report relating to this subscription can be obtained from the investor contact below.