As a result of the acquisition, Teck holds 12 500 000 common shares of Sun Metals, or approximately 13.8% of Sun Metals’ outstanding common shares. Sun Metals is a mineral exploration company focused on advancing its flagship Stardust project located in northcentral British Columbia, Canada.
Prior to the completion of the acquisition, Teck did not hold any shares of Sun Metals. The acquisition was made for investment purposes. Teck may determine to increase or decrease its investment in Sun Metals depending on market conditions and any other relevant factors.
