Business
Teck Cominco announces completion of Tahera transaction
Teck Cominco announces completion of Tahera transaction.
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 4 /CNW/ - Teck Cominco Limited announced today that it\nhas completed its purchase of 30,000,000 common shares and 22,109,757 common\nshare purchase warrants of Tahera Diamond Corporation (\"Tahera\") for an\naggregate subscription price of $30 million, all as previously announced by\nTahera on November 15, 2006. As a result of this transaction, Teck Cominco now\nholds 16% of the issued and outstanding common shares of Tahera on a\nnon-diluted basis, and 24.9% on a fully-diluted basis, assuming exercise of\nthe warrants acquired.\n\n\nTeck Cominco is a diversified mining company, headquartered in Vancouver,\nCanada. Its shares are listed on the Toronto Stock Exchange under the symbols\nTCK.A and TCK.B and on the New York Stock Exchange under the symbol TCK. The\ncompany is a world leader in the production of zinc and metallurgical coal and\nis also a significant producer of copper, gold, indium and other specialty\nmetals. Further information can be found at www.teckcominco.com.\n\n\n","length":1056,"tagName":"div"}]