U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                      THE SECURITIES EXCHANGE ACT OF 1934


                         For the Month of JANUARY 2003


                                MFC BANCORP LTD.
             (Exact Name of Registrant as specified in its charter)

      FLOOR 21, MILLENNIUM TOWER, HANDELSKAI 94-96, A-1200, VIENNA, AUSTRIA
                              011 (43) 1 24025 102
              (Address and telephone number of Registrant's office)

Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:

                      [X]  Form 20-F          [ ]  Form 40-F

Indicate  by check mark if the Registrant is submitting the Form 6-K in paper as
permitted  by  Regulation  S-T  Rule  101(b)(1):
                                                 ------

Indicate  by check mark if the Registrant is submitting the Form 6-K in paper as
permitted  by  Regulation  S-T  Rule  101(b)(7):
                                                 ------

Indicate  by  check mark whether by furnishing the information contained in this
Form,  the  Registrant  is  also  thereby  furnishing  the  information  to  the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

                           Yes             No    X
                               ------          ------

If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection  with  Rule  12g3-2(b):  82-                .
                                       ----------------



                                                           [GRAPHIC  OMITED]
                                                           NEWS  RELEASE


FOR  RELEASE  JANUARY  21,  2003



NEW  YORK  CITY,  (January  21,  2003) - - - MFC Bancorp Ltd. (Nasdaq: MXBIF and
Frankfurt  Stock  Exchange:  MFC  GR) today announced that an additional 111,957
common  shares  of  Med Net International Ltd. were tendered to MFC's offer (the
"Offer")  dated  November  7, 2002 to purchase all of the issued and outstanding
common  shares  of  Med  Net, all of which have been taken up.  As a result, MFC
owns  an  aggregate  of  approximately  632,502 Med Net common shares.  MFC also
announced  the  expiration  of  the  Offer.


ABOUT  MFC  BANCORP
MFC Bancorp Ltd. owns companies that operate in the financial services industry,
specialising  in merchant banking internationally. To obtain further information
on  the  Company,  please  visit  its  web  site  at  http://www.mfcbancorp.com
                                                      -------------------------


Certain  statements  included herein are "forward-looking statements" as defined
in  the  Private  Securities  Litigation  Reform Act of 1995.  Management of MFC
cautions  that  forward-looking  statements  are  not guarantees and that actual
results  could  differ  materially  from  those  expressed  or  implied  in  the
forward-looking  statements.  Important  factors  that  could  cause  the actual
results  of  operations or financial condition of MFC to differ include, but are
not  necessarily  limited to, the risks and uncertainties discussed in documents
filed  by  MFC  with  the  Securities  and  Exchange  Commission.




                                   SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned,  thereunto  duly  authorized.


Registrant    MFC  BANCORP  LTD.
           -------------------------------------

By         /s/  Michael  J.  Smith
           -------------------------------------
           Michael  J.  Smith
           President and Chief Executive Officer

Date       January 21, 2003
           -------------------------------------