Teck wants all of Teena

CANADA’S Teck Resources has exercised its pre-emptive right to acquire Rox Resources’ stake in the Reward zinc project in the Northern Territory for up to $A20.6 million.

Teck wants all of Teena Teck wants all of Teena Teck wants all of Teena Teck wants all of Teena Teck wants all of Teena

The move locks out prospective buyer Marindi Metals, which had done a deal with Rox over the 49% stake.

In matching Marindi’s offer, Teck will pay Rox $8 million cash, issue $3.