Imperial Metals Corporation
TSX : III

Imperial Metals Corporation

November 13, 2006 15:10 ET

Imperial Reports on Applications to the British Columbia Securities Commission in Connection with bcMetals

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 13, 2006) - Imperial Metals Corporation (TSX:III) reports the British Columbia Securities Commission ("BCSC") has dismissed the application made by bcMetals Corporation ("bcMetals") for an order to restrain Imperial from taking up and paying for the common shares of bcMetals deposited under Imperial's offer and not withdrawn on November 2, 2006. Accordingly, Imperial has honoured its commitment to take up and pay for these shares, increasing its holding in bcMetals to approximately 18% of issued and outstanding shares.

On Imperial's application to issue a permanent order to cease trade any securities that may be issued under the bcMetals poison pill shareholder rights plan, the BCSC ruled that Imperial's application was "moot", as Imperial had previously terminated its all cash takeover bid for bcMetals.

Contact Information

  • Imperial Metals Corporation
    Brian Kynoch
    President
    (604) 669-8959
    or
    Imperial Metals Corporation
    Andre Deepwell
    Chief Financial Officer
    (604) 488-2666
    or
    Imperial Metals Corporation
    Sabine Goetz
    Investor Relations
    (604) 488-2657
    Email: info@imperialmetals.com
    Website: www.imperialmetals.com