|January 17, 2007|
Imperial Purchases Common Shares of bcMetals Corporation
|Vancouver, BC - January 17, 2007 -- Imperial Metals Corporation (TSX:III) reports its wholly owned subsidiary CAT-Gold Corporation ("CAT-Gold") has purchased 745,400 common shares of bcMetals Corporation ("bcMetals") today through the TSX Venture Exchange representing approximately 1.94% of the issued and outstanding common shares of bcMetals. The highest price paid for bcMetals shares purchased today was $1.17 per share.|
The documents for Imperial's formal offer and takeover bid ("Offer") to acquire all of the outstanding common shares of bcMetals and all of the out-of-the-money options and warrants of bcMetals were mailed and filed with securities regulators on January 4, 2007. The Offer is open for acceptance until Friday, February 9, 2007.
Since the date of the Offer, Imperial has purchased 1,910,200 shares of bcMetals at an average price of approximately $1.16 per share. Imperial currently holds 9,299,894 (24.23%) of the issued and outstanding common shares of bcMetals.
Contact: 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 2007 item: Thu Jan 18, 2007, Imperial Update on Giant Copper Exploration
You can view the Previous News Release 2007 item: Wed Jan 17, 2007, Imperial Raises Bid for bcMetals
You can return to the main News Release 2007 page, or press the Back button on your browser.