bcMetals Corporation

bcMetals Corporation

November 24, 2006 15:21 ET

bcMetals Corporation: Shareholders' Meeting Postponed Until December 15

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 24, 2006) - bcMetals Corporation (TSX VENTURE:C) announced today that its Board of Directors has determined to postpone until December 15 the special meeting of shareholders, originally scheduled for November 30, 2006. The record date for the meeting of October 31, 2006 is unchanged.

The special meeting has been called in order for shareholders to approve, among other matters, the previously announced limited partnership between bcMetals and Global International Jiangxi Copper Mining Company Limited in respect of the Red Chris Project.

The special meeting has been postponed in order to allow the directors of bcMetals to evaluate and make a recommendation to shareholders and warrantholders regarding the offer by Taseko Mines Limited to purchase all of the shares and out-of-the-money share purchase warrants of bcMetals.

Shareholders and warrantholders are urged to take no action regarding the Taseko offer until such time as the directors of bcMetals have been able to evaluate and make a recommendation regarding the Taseko offer.

The directors will evaluate and make a recommendation to shareholders regarding the Taseko offer as well as any alternative transactions that may arise in respect of the shares of bcMetals.

The Separation Time under bcMetals' Limited Purpose Rights Plan has been deferred in relation to the Taseko offer. The Taseko offer is not a Permitted Bid under the terms of the Limited Purpose Rights Plan.

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