TSX: TKO
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NYSE Amex: TGB
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| February 02, 2007 Taseko Suspends Proposed $1.60 Offer For bcMetals | |
| February 2, 2007, Vancouver, BC -- Taseko Mines Limited ("Taseko" or the "Company") (TSX:TKO; AMEX:TGB) announced today that its planned bid Variation (No. 5) raising its bid for bcMetals common shares to $1.60, which was disclosed yesterday will not be mailed to bcMetals shareholders today in light of the news today of a $1.70 bid from Imperial Metals Corp. making the proposed variation unnecessary. Taseko's prevailing $1.40 bid remains open until midnight February 8, 2007 and Taseko reserves the right to vary prior to that time. For further details on Taseko and its properties, please visit the Company's website at www.tasekomines.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. Russell Hallbauer President and CEO No regulatory authority has approved or disapproved the information contained in this news release. Forward-Looking Statements This news release contains forward-looking statements that are based on current expectations and which involve risks and uncertainties, including those referred to in Taseko's Annual Information Form ("AIF") filed with Canadian securities regulatory authorities, or Taseko's Annual Form on 20F ("20F") filed with United States securities regulatory authorities, that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in the forward-looking statements. Such forward oriented information includes the timing of making a take-over bid and the uncertainties of in regards to its possible success and related regulatory approvals. Mining is a risky business and actual results may differ materially from those anticipated. Readers are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Taseko disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. For further information on the Company, Investors should review the Company's Canadian public filings at www.sedar.com or its US public filings at www.sec.gov | |
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