|November 08, 2006|
Imperial Terminates Bid to Acquire bcMetals
|Vancouver (November 8, 2006) -- Imperial Metals Corporation (III-TSX) has terminated its outstanding bid to acquire all of the issued and outstanding shares of bcMetals Corporation ("bcMetals").|
Imperial's decision to terminate is attributable to certain risks and uncertainties arising from the enactment by bcMetals of a poison pill shareholder rights plan.
Subject to regulatory approval, Imperial will honor its commitment to take up all shares previously deposited and not withdrawn under its bid.
Contact Information: Brian Kynoch, President 604.669.8959; Andre Deepwell, Chief Financial Officer 604.488.2666 // website: www.imperialmetals.com // email: email@example.com
You can view the Next News Release 2006 item: Mon Nov 13, 2006, Imperial Reports on Applications to the British Columbia Securities Commission in Connection with bcMetals
You can view the Previous News Release 2006 item: Tue Nov 7, 2006, Imperial Files Application to BCSC
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