bcMetals Corporation

bcMetals Corporation

November 03, 2006 15:06 ET

bcMetals Responds to Take Over Offer by Taseko Mines Limited

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 3, 2006) - bcMetals Corporation (TSX VENTURE:C) is responding to the announcement on November 2, 2006 by Taseko Mines Limited that Taseko intends make an offer to purchase all of the shares of bcMetals for $1.05 per share.

bcMetals' Board of Directors met on November 2, 2006 to consider Taseko's announcement. bcMetals will respond to the formal terms of the offer once they are published by Taseko. In the meantime, shareholders are advised not to take any action in respect of Taseko's offer.

Notwithstanding today's announcement by Taseko, management continues to consider and respond to expressions of interest from other third parties regarding potential transactions. Discussions in this regard are ongoing.

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)