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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tyler Resources | TSXV:TYS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler") and Canada Jinchuan Resources Ltd. (the "Offeror"), a wholly-owned subsidiary of Jinchuan Group Ltd. ("Jinchuan"), are pleased to announce that the Offeror's formal bid circular in respect of the offer to acquire the outstanding common shares of Tyler at a price of Cdn.$1.60 in cash per share has been mailed to Tyler's registered shareholders. Tyler has also mailed its directors' circular recommending that Tyler's shareholders accept the offer. On January 6, 2008, Tyler and Jinchuan announced Jinchuan's intention to make a supported take-over bid for Tyler, valuing the total common share capital of Tyler at approximately Cdn.$214 million. The offer represents a 60% premium to Tyler's closing price on January 4, 2008, the last trading day prior to the date Jinchuan announced its intention to make the offer. The offer is open for acceptance until 5:00 p.m. (Toronto time) on Tuesday, March 11, 2008, unless extended or withdrawn. Full particulars of the offer are set out in the offer and circular filed by the Offeror and the directors' circular filed by Tyler. These documents are available on the Canadian Securities Administrators website at www.sedar.com and on the Tyler website at www.tylerresources.com. About Jinchuan Group Ltd. Jinchuan is a large integrated non-ferrous metallurgical and chemical engineering company engaged in mining, concentrating, metallurgy and chemical engineering. It produces nickel, copper, cobalt, rare and precious metals and also some chemical products. Jinchuan is the largest producer of cobalt, nickel and platinum group metals in China. Jinchuan is also the largest copper producer in northern China. Jinchuan has an annual production capacity of 130,000 tonnes of nickel, 400,000 tonnes of copper, 8,000 tonnes of cobalt and 5,000 kilograms of platinum group metals. About Tyler Resources Inc. Tyler is a well-funded Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry deposit. As part of its ongoing drill program, the company has now drilled in excess of 52,000 meters of combined diamond and reverse circulation drilling since 2004, making it one of the most active Canadian junior exploration companies operating in Mexico. For more information, visit www.tylerresources.com.
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