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HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: China biggest investment in Canada by far
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China biggest investment in Canada by far

posted on Aug 17, 2009 11:08PM

Vancouver – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today the closing of its previously announced private placement of 101,304,474 Class B subordinate voting shares to an affiliate of China Investment Corporation for proceeds of US$1.5 billion. Teck will apply the net proceeds of the transaction to reduce outstanding bank debt.

•Private placement to China Investment Corporation
•C$1.7 billion @ C$17.21 per share
•101.304 million Class B shares
•17.2% economic interest, 6.7% voting interest

Details see below.

Presentation

http://www.teck.com/DocumentViewer.aspx?elementId=149035&portalName=tc

conference call transcript

http://www.teck.com/DocumentViewer.aspx?elementId=149145&portalName=tc

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