Teck Resources receives regulatory approval for share buy-back program renewal

theflyonthewall.com

Teck Resources' notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares has been accepted by the Toronto Stock Exchange. Teck may purchase up to 20M Class B subordinate voting shares during the period starting June 28, 2013 and ending on June 27, 2014, representing approximately 3.53% of the outstanding Class B subordinate voting shares, or 4.39% of the public float, as of June 19. Under the TSX's rules, Teck may purchase a maximum of 526,427 Class B subordinate voting shares (being 25% of the average daily trading volume) on any one day.

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