VANCOUVER – In what is one of the slower, more tentative takeovers in Canadian mining, IMPERIAL METALS has raised its all-cash bid to $1.165/share for all outstanding shares of BCMETALS. Imperial’s offer is being made by its wholly owned subsidiary, CAT-Gold Corp. See www.ImperialMetals.com.
Imperial’s new offer tops TASEKO MINES’ earlier bid of $1.15/share, but not by much. In response to Imperial’s improved bid, Taseko has raised its latest bid to $1.25; the other terms and conditions remain the same. See www.TasekoMines.com.
So, the bidding looks to continue. Meanwhile both Imperial and Taseko are buying up bcMetals shares on the open market.