Toledo - Cashflow from the world's 3rd largest Nickel Resource

14 suitors (sounds nice...)


Vancouver-based junior resource company Canico Resource Corp. found itself in play in September when it was wooed, and eventually won, by Brazilian mining giant Companhia Vale do Rio Doce. Canico's board recommended a cash offer worth $865 million in November after rejecting CVRD's first offer and entering talks with 14 other possible suitors. The draw was Canico's nickel reserves in southeastern Brazil.

Dec 31 2005