Teck Announces Purchase of AQM COPPER INC. Shares
posted on
Jul 17, 2014 12:02PM
Teck Resources to buy 14.55 million AQM Copper shares
Teck Resources Ltd (C:TCK)
Shares Issued 566,862,292
Last Close TCK.B 7/15/2014 $25.38
Wednesday July 16 2014 - News Release
Mr. Greg Waller reports
TECK ANNOUNCES PURCHASE OF AQM COPPER INC. SHARES
Teck Resources Ltd. has entered into an agreement to purchase 14,554,000 common shares of AQM Copper Inc., representing approximately 10.45 per cent of outstanding AQM common shares, pursuant to the private agreement exemption under applicable securities laws.
Teck is purchasing the AQM common shares at a purchase price of 10.37 cents per share for aggregate consideration of $1,509,250. No brokerage fees or commissions are payable in connection with the purchase. Following the purchase, Teck will hold 42,258,545 AQM common shares, representing approximately 30.35 per cent of outstanding AQM common shares.
The purchase was made for investment purposes. Teck may determine to increase or decrease its investment in AQM depending on market conditions and any other relevant factors. This release is being issued under the early warning requirements of applicable securities laws.
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