Teck invests in Strait Minerals
— Photo courtesy straitminerals.com
Teck Resources Limited has announced that it has exercised 3,000,000 warrants to purchase 3,000,000 common shares of Strait Minerals Inc., 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.
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. For more information visit Teck.
