Teck Resources Boosting Stake In AQM Copper

(RTTNews) - Teck Resources Ltd. (TCK_A.TO, TCK_B.TO, TCK) said Wednesday that it has entered into an agreement to purchase 14.554 million common shares of AQM Copper Inc., representing about 10.45% 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 C$0.1037 per share, for aggregate consideration of C$1,509,250.

Following the purchase, Teck will hold 42,258,545 AQM common shares, representing about 30.35% of outstanding AQM common shares.

The purchase was made for investment purposes, Teck said.