October 19, 2010
Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) (“Taseko” or the “Company”) announced today that it has filed a prospectus supplement to its final base shelf prospectus, dated October 12, 2010, with the British Columbia Securities Commission, and a supplement to its U.S. prospectus, dated October 18, 2010, forming part of its U.S. registration statement, with the United States Securities and Exchange Commission.
Taseko has entered into an At the Market Issuance Agreement, dated October 18, 2010, with McNicoll, Lewis & Vlak LLC (MLV), under which Taseko may, at its discretion, from time to time sell up to a maximum of 18,600,000, of its common shares through “at-the-market” (“ATM”) issuance. MLV will act as sales agent for any sales made under the ATM. The common shares will be sold at market prices prevailing at the time of a sale (if any) of the common shares, and, as a result, prices may vary. The Company is not required to sell any of the reserved shares at any time during the term of the ATM, which extends until November 1, 2012, and there are no fees for having established the arrangement. The ATM Issuance Agreement does not prohibit the Company from conducting other financings.
The Canadian prospectus and prospectus supplement have been filed on SEDAR and the U.S. prospectus and the supplement thereto have been filed on the SEC’s website (www.sec.gov). Alternatively, MLV will provide any of those documents upon request. Such requests may be made by contacting McNicoll, Lewis & Vlak LLC, Attention: Roman Friedrich, 420 Lexington Avenue, New York, NY 10170, or by calling 212-580-5881.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the common shares, nor shall there be any sale of the common shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
For further information on Taseko, please see the Company’s website www.tasekomines.com or contact:
Brian Bergot, Investor Relations - 778-373-4545, toll free 1-800-667-2114
Russell Hallbauer
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
This document contains “forward-looking statements” that were based on Taseko’s expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, “intend”, “should” and similar expressions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:
For further information on Taseko, investors should review the Company’s annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com.