VANCOUVER, June 14 /CNW/ - Teck Cominco Limited announced today that it
has received an advance ruling certificate from the Canadian Competition
Bureau, and notice from the Federal Trade Commission in the United States
confirming early termination of the waiting period under the Hart-Scott-Rodino
Act, with respect to Teck Cominco's proposed acquisition of Inco Limited. This
constitutes Canadian and United States anti-trust clearance for Teck Cominco's
offer to proceed.
Teck Cominco is a diversified mining company, headquartered in Vancouver,
Canada. Shares are currently listed on the Toronto Stock Exchange under the
symbols TEK.A and TEK.B. The company is a world leader in the production of
zinc and metallurgical coal and is also a significant producer of copper,
gold, indium and other specialty metals. Further information can be found at
www.teckcominco.com.
Important Notice
This press release may be deemed to be solicitation material in respect
of Teck Cominco's proposed tender offer for the shares of Inco. On May 23,
2006, Teck Cominco filed the following documents with the Securities and
Exchange Commission ("SEC") in connection with its offer to purchase all of
the outstanding common shares of Inco: (1) a Registration Statement on
Form F-10 (containing an offer to purchase and a share takeover bid circular)
and (2) a tender offer statement on Schedule T-O.
Investors and shareholders are urged to read the Registration Statement,
the Schedule T-O and any other relevant documents filed or that will be filed
with the SEC when they become available because they will contain important
information about the offer for Inco shares. These documents will be available
without charge on the SEC's web site at www.sec.gov and may be obtained
without charge from the SEC at telephone number 800-SEC-0330. Free copies of
these documents can also be obtained by directing a request to Teck Cominco,
600-200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L9,
attention: Corporate Secretary, by telephone to (604) 687-1117, or by e-mail
to: info(at)teckcominco.com.
