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Friday, 02/24/2006 9:55:53 AM

Friday, February 24, 2006 9:55:53 AM

Post# of 19037
MR: If your on a highway and a falcon goes BEEP BEEP...

Metallica says Falconbridge stake at 9.9 percent

OTTAWA, Feb 24 (Reuters) - Metallica Resources Inc. (MR.TO) said on Friday that Canadian miner Falconbridge Ltd. (FALlv.TO) has taken a stake of 9.9 percent in the company, or about 8.2 million shares.

Falconbridge disclosed early last year that it owned about 6 million shares in Metallica, a precious and base metal exploration company.

Falconbridge has further disclosed in a U.S. securities filing that it owned 8.21 million shares in the company as of Dec. 31, 2005, Metallica said.

Falconbridge took a 70 percent interest in Metallica's El Morro copper-gold project in Chile in August 2005, and is required to complete a feasibility study on the project by September 2007, Metallica said.

http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060224...

B

PS: Whoever thought of this new format of symbols for TSX (FALlv -- LV and all the other crap).. GOOD JOB!


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