Canadian Mining Journal

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MORE MERGER MANIA – Stakes raised in bcMetals takeover bid

VANCOUVER - The bidding war between IMPERIAL METALS and TASEKO MINES for control of BCMETALS CORP. may be coming to...


VANCOUVER – The bidding war between IMPERIAL METALS and TASEKO MINES for control of BCMETALS CORP. may be coming to a close. Over the past two weeks the offers have been increased in 10-cent increments, and the highest bid so far is $1.70/share made by Imperial on Feb. 2. Taseko has withdrawn its $1.60 bid made just a day earlier.

The directors of bcMetals have recommended that its shareholders accept Imperial’s $1.70/share offer. The offer expires on Feb. 16, 2007.