06:31:03 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Taseko Mines Ltd
Symbol TKO
Shares Issued 195,004,455
Close 2014-11-19 C$ 1.55
Market Cap C$ 302,256,905
Recent Sedar Documents

Taseko Mines completes merger with Curis Resources

2014-11-20 17:34 ET - News Release

Also News Release (C-CUV) Curis Resources Ltd

Mr. Russell Hallbauer of Taseko reports

TASEKO AND CURIS ANNOUNCE COMPLETION OF PLAN OF ARRANGEMENT

Taseko Mines Ltd. and Curis Resources Ltd. have completed the previously announced statutory plan of arrangement pursuant to which Taseko has acquired all of the issued and outstanding Curis common shares. Under the terms of the transaction, Curis shareholders will receive 0.438 of a Taseko common share for each Curis common share held. Outstanding options to acquire Curis common shares will be exchanged for Taseko common shares based on an exchange formula set forth in the plan of arrangement implementing the transaction. As a result of the transaction, Curis has become a wholly owned subsidiary of Taseko.

The transaction was approved by securityholders of Curis at a special meeting held on Nov. 10, 2014. The British Columbia Supreme Court issued a final order approving the transaction on Nov. 17, 2014. Curis common shares are expected to cease trading and be delisted from the Toronto Stock Exchange after the close of trading on or about Nov. 25, 2014. Applications will also be made for Curis to cease to be a reporting issuer in the applicable jurisdictions.

Russell Hallbauer, president and chief executive officer of Taseko, commented: "We strongly believe this transaction creates significant, long-term value for Taseko shareholders. The advanced-stage Florence copper project is a high-quality asset located in Arizona with large copper reserves, a favourable capital and operating cost structure, and access to key infrastructure. With the Curis acquisition now complete we can focus on project development and permitting initiatives for the Florence copper project. We feel the project is at the stage where Taseko management can support the Arizona-based Florence project team to achieve significant milestones in the near term."

If registered holders of Curis common shares haven't already done so, they are encouraged to complete, execute and submit the letter of transmittal included in the special meeting materials previously sent to Curis securityholders as soon as possible in order to receive the Taseko common shares to which they are entitled under the transaction. Non-registered holders of Curis common shares should contact their broker or other intermediary for assistance receiving the Taseko common shares to which they are entitled under the transaction.

We seek Safe Harbor.

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