News Details

TKO: Offers C$1.05 Takeover Bid for bcMetals Corporation

2006/11/21 09:59:27

Ridgeland, MS, NOV 21, 2006 (EventX/Knobias.com via COMTEX) -- By Jay Everitt, jeveritt@knobias.com  Taseko Mines Limited (TGB) announced that further to its November 2, 2006 news release, it will launch a C$1.05 per share take-over bid offer for all of the outstanding shares of bcMetals Corporation ("bcMetals") (TSX VENTURE: C) on November 23, 2006. The offer represents an 11% premium over a recent third party offer for bcMetals. In light of intervening events, Taseko has decided to lower the tendering threshold condition for its bid from 90% to 66 2/3%. The other principal conditions remain as previously announced and include the requirement for a conditional settlement that would allow Taseko to acquire the minority shares of bcMetals' subsidiary, American Bullion Minerals Ltd., and the defeat by bcMetals shareholders at their November 30, 2006 special meeting of bousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.  If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com  CONTACT: Knobias.com, LLC  601-978-3399  601-978-3675  info@knobias.com   www.knobias.com/cmtx  Copyright 2004 Knobias.com, LLC, All rights reserved.  **********************************************************************  As of Friday, 11-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 10-17-2006 for TGB @ $2.44.  For more information on Comtex SmarTrend? Alert, contact your market data provider or go to www.CSTADirect.com  SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2006 Comtex News Network, Inc. All rights reserved.  -0-  SUBJECT CODE: Watch Stories  KNO-Zone  EventX Service  Shareholder Issues  21-Nov-2006 09:59