Teck Resources Announces C$1.74 Billion Private Placement
Posted on 07/03/2009
Press Release states that, “Teck Resources Limited (“Teck”) announced today that China Investment Corporation (”CIC”) has agreed to purchase through a wholly-owned subsidiary 101.3 million Class B subordinate voting shares of Teck for C$17.21 per share. Teck will apply the net proceeds of the transaction to reduce outstanding bank debt. On closing, CIC will indirectly […]
