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.
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