Teck Cominco Limited

Teck Cominco Limited

August 30, 2007 10:30 ET

Teck Cominco Commences Compulsory Acquisition of Remaining Aur Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2007) - Teck Cominco Limited (TSX:TCK.A and TCK.B, NYSE:TCK) is pleased to announce that it is exercising its rights under the Canada Business Corporations Act ("CBCA") to acquire all common shares of Aur Resources Inc. not acquired pursuant to its offer dated July 17, 2007. On August 22, 2007 Teck Cominco announced that it had taken up and paid for approximately 93 per cent of the outstanding Aur Resources common shares. A notice of compulsory acquisition has been sent by registered mail to all registered holders of Aur Resources common shares. This notice is binding upon all holders of Aur Resources common shares who did not accept the offer as well as all subsequent holders of such common shares. The notice of compulsory acquisition and accompanying letter of transmittal have been filed under the Aur Resources filer profile on SEDAR at www.sedar.com.

About Teck Cominco

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B. and the New York Stock Exchange under the symbol TCK. Teck Cominco is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold and specialty metals. Further information can be found at www.teckcominco.com.

Contact Information

  • Teck Cominco Limited
    Greg Waller
    Vice President, Investor Relations & Strategic Analysis
    (604) 685-3005
    Email: greg.waller@teckcominco.com