drbubb Posted October 19, 2006 Report Share Posted October 19, 2006 Tiberon comments on recent trading activity TORONTO, Oct. 18 /CNW/ - Tiberon Minerals Ltd. (TBR:TSX) today issued the following comments on recent trading in the company's shares on the Toronto Stock Exchange: Tiberon's Board of Directors (the Board) has been approached by a third party with respect to a possible acquisition transaction, and the Board and the third party are currently in discussions in this regard. While it is possible that these discussions could lead to some transaction, there is no assurance that they will lead to a transaction, and there can be no assurance what form such a transaction may take. Shareholders will be kept informed of any material developments. About Tiberon Minerals Tiberon Minerals Ltd. is poised to become the world's largest primary tungsten producer and a major producer of acid-grade fluorspar, as well as bismuth, copper and gold through development of its Nui Phao property in Vietnam. Nui Phao contains over 55 million tonnes of proven and probable reserves (25.1 million tonnes proven, 30.6 million tonnes probable) for an estimated mine life in excess of 16 years, making it one of the largest tungsten-fluorspar deposits located outside China. Tiberon's common shares trade on the Toronto Stock Exchange under the symbol TBR. There are currently 75.4 million common shares outstanding. Link to comment Share on other sites More sharing options...
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