Jump to content

Tiberon : Possible takeover target ?


Recommended Posts

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


This topic is now archived and is closed to further replies.

  • Create New...