News Releases
| 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: info@imperialmetals.com | |
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