The Globe and Mail reports in its Wednesday edition that Toronto-based American Eagle Gold has launched an unsolicited $31-million takeover offer for Pacific Booker Minerals, the Vancouver company that owns the long-stalled Morrison copper-gold project in British Columbia. The Globe's Niall McGee writes that American Eagle, which is backed by Perth's South32 Ltd., Vancouver's Teck Resources and stock promoter Eric Sprott, said in a release on Tuesday it is offering 1.41 shares worth $1.76 for each Pacific Booker security, a 31-per-cent premium to Monday's closing price. Shareholders have until July 29 to tender. American Eagle needs to obtain 90 per cent of the shares to fully take over the company. Pacific Booker started development work on the Morrison project in 1997, but it stalled more than a decade ago owing to the company's failure to obtain an agreement with Lake Babine Nation. American Eagle, which has a copper-gold project near Morrison, said it had attempted talks with Pacific Booker's board for two years. However, "in the absence of any constructive engagement," it decided to take the deal directly to shareholders. Pacific Booker chief executive officer John Plourde wants a significantly higher price.