April 5, 2011
Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) (“Taseko”) commenced a public offering of up to US$200,000,000 aggregate principal amount of its senior notes due 2019 (the “Notes”). Taseko intends to use the net proceeds from the offering of the Notes to fund Gibraltar Development Plan 3, with any remainder to be used for general corporate purposes. The actual terms of the Notes will not be determined until completion of the offering and will be announced at that time. The Notes will not be convertible and there will be no equity component of the offering.
Barclays Capital Inc. is acting as sole book-running manager for the offering. BMO Capital Markets Corp. and TD Securities (USA) LLC are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made exclusively by means of a prospectus supplement and accompanying prospectus.
Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained for free by visiting the SEC website at http://www.sec.gov or, in Canada, by visiting www.sedar.com. Alternatively, the preliminary prospectus supplement may be obtained by contacting Barclays Capital Inc., or, in Canada, Barclays Capital Canada Inc., in each case, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, barclaysprospectus@broadridge.com, toll free: (888) 603-5847.
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.