North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Rose Ragsdale
For Mining News 

Imperial prevails in bid for BcMetals

Sister company of Northern Dynasty bows out after target's management cuts deal with rival, endorses opponent's buyout offer

 

Last updated 2/25/2007 at Noon



From the opening volley last fall in what became a heated bidding war between two Canadian junior mining companies seeking to acquire BcMetals Corp. of Vancouver, B.C., observers couldn't predict what would happen next.

But Imperial Metals Corp., also of Vancouver, upped its buyout offer one last time Feb. 2 to C$1.70 a share, valuing BcMetals at just under C$70 million.

It proved to be an of...



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