bcMetals Corporation

bcMetals Corporation

January 26, 2007 10:00 ET

bcMetals Responds to Further Revised Offer by Imperial

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2007) - bcMetals Corporation (TSX VENTURE:C) announced today that on January 25, 2007 Imperial Metals Corporation ("Imperial") provided written notice to bcMetals that it has amended its takeover bid offer to $1.30 per bcMetals' share. None of the other terms and conditions of Imperial's offer have changed.

The Board of Directors of bcMetals has determined that Imperial's amended $1.30 offer is superior to the $1.25 per share amended offer of Taseko Mines Limited announced on January 18, 2007.

Accordingly, the Board of Directors affirms its recommendation that shareholders and out-of-the-money warrantholders and optionholders tender to Imperial's amended $1.30 per share offer.

Ian Smith, President and Chief Executive Officer

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • bcMetals Corporation
    Ian Smith
    President and Chief Executive Officer
    (604) 683-0140
    (604) 683-0126 (FAX)
    Website: www.bcmetalscorp.com