VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 3, 2006) - Imperial Metals Corporation (TSX:III) reports its wholly owned subsidiary CAT-Gold Corporation has purchased 552,000 common shares of bcMetals Corporation ("bcMetals") today through the TSX Venture Exchange. The highest price paid for bcMetals shares purchased today was $0.94 per share.
Imperial announced its intention to make an all cash offer to acquire all of the outstanding common shares of bcMetals on September 8, 2006 and on September 27, 2006 made a formal take over bid offer to the shareholders of bcMetals.
Since the date of the offer, Imperial has purchased 1,299,000 shares of bcMetals through the TSX Venture Exchange at an average price of $0.9392 per share. Imperial owns a total of 2,463,000 common shares of bcMetals.
Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company's key properties are the Mount Polley open pit copper/gold producing mine (100% interest) in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine (50% interest) in northern British Columbia, and the development stage Sterling gold mine (100% interest) in southwest Nevada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Imperial Metals Corporation
Brian Kynoch
President
(604) 669-8959
(604) 687-4030 (FAX)
Imperial Metals Corporation
Andre Deepwell
Chief Financial Officer
(604) 488-2666
Imperial Metals Corporation
Sabine Goetz
Investor Relations
(604) 488-2657
Email: info@imperialmetals.com
Website: www.imperialmetals.com
