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TYS Tyler Resources

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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 -

Jinchuan Bid Circular and Tyler Resources Directors' Circular Mailed in Respect of Cdn.$1.60 Offer Per Share for Tyler Resources

05/02/2008 2:43pm

Marketwired Canada


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March 11, 2008, unless extended or withdrawn.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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