Imperial Metals Corporation

Imperial Metals Corporation

January 11, 2007 19:45 ET

Imperial Purchases Common Shares of bcMetals Corporation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) - Imperial Metals Corporation (TSX:III) reports its wholly owned subsidiary CAT-Gold Corporation ("CAT-Gold") has purchased 547,000 common shares of bcMetals Corporation ("bcMetals") today through the TSX Venture Exchange. The highest price paid for bcMetals shares purchased today was $1.15 per share.

The documents for Imperial's formal offer and takeover bid ("Offer") 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 547,000 shares of bcMetals at an average price of $1.15 per share. Imperial owns a total of 7,936,694 common shares of bcMetals.

Contact Information

  • Imperial Metals Corporation
    Brian Kynoch
    (604) 669-8959
    (604) 687-4030 (FAX)
    Imperial Metals Corporation
    Andre Deepwell
    Chief Financial Officer
    (604) 488-2666