10:00 AM EST - Teck Resources Limited : announced that China Investment Corporation or "CIC" has agreed to purchase through a wholly-owned subsidiary 101.3 million Class B subordinate voting shares of Teck for $17.21 per share. Teck will apply the net proceeds of the transaction to reduce outstanding bank debt. On closing, CIC will indirectly hold approximately 17.5% of Teck's outstanding Class B subordinate voting shares, representing about 17.2% equity and 6.7% voting interests in Teck. Upon completion of the transaction, Teck's Class A shareholders as a group will hold a 61.8% voting interest in Teck with Temagami Mining Company Ltd. holding a 28.5% voting interest. Teck Resources Limited
shares T.TCK.B are trading up $0.56 at $19.06.
