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Metorex proposes proposes a pre-conditional all-share offer for Copper Resources


Published : Mon, 05 Nov 2007 16:56
By : Agencies
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LONDON (Thomson Financial) - Metorex said it proposes a pre-conditional all-share offer for the remainder of Copper Resources, adding that based on the closing price of 204 pence per Metorex share on Nov 2, the offer vales Copper Resources at 148.9 pence per share valuing the company at about 120.7 mln stg.

Metorex also said it is offering Copper Resources shareholders a cash alternative at 125.1 pence per share.

tfn.newsdesk@thomson.com

ndi/jlc

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