Teck Resources Limited Closes Strait Gold Placement
This release is issued under the early warning requirement of the Ontario Securities Act and National instrument 62-103.
The private placement was made as part of a larger transaction under which Strait Gold's Peruvian affiliate granted Teck's Peruvian affiliate an option to earn an interest in its Alicia copper-gold property in Peru. See Strait Gold's news release issued December 9, 2011 for details. The subscription was made for investment purposes. Under the terms of the option, Teck is required to exercise the warrants included in the Units in order for its affiliate to earn an interest in the Alicia property. Teck may otherwise determine to increase or decrease its investment in Strait Gold depending on market conditions and any other relevant factor.
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. Further information about Teck can be found at: www.teck.com.
Contact Information
Teck Resources Limited
Greg Waller
Vice President, Investor Relations & Strategic Analysis
604.699.4014
greg.waller@teck.com
www.teck.com