05:09:31 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Taseko Mines Ltd
Symbol TKO
Shares Issued 290,705,929
Close 2024-04-22 C$ 3.26
Market Cap C$ 947,701,329
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Taseko Mines completes $500M (U.S.) note offering

2024-04-23 12:55 ET - News Release

Mr. Stuart McDonald reports

TASEKO MINES COMPLETES NOTES OFFERING

Taseko Mines Ltd. has completed its offering of $500-million (U.S.) aggregate principal amount of 8.250 per cent senior secured notes due 2030. A portion of the proceeds will be used to redeem the outstanding US$400 million Senior Secured Notes due 2026 ("Existing Notes"). The remaining proceeds, net of transaction costs and accrued interest, are available for capital expenditures, working capital and general corporate purposes.

Stuart McDonald, President & CEO of Taseko, commented, "We're pleased to complete this notes offering which provides additional financial flexibility as we advance construction at Florence Copper."

The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. The Notes will not be qualified by a prospectus in Canada. Unless they are registered or qualified by a prospectus, the Notes may be offered and sold, only in transactions that are exempt from registration requirements and from prospectus qualification under Canadian securities laws. In the United States, the Notes will be offered and sold, only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) and outside the United States, to non-U.S. persons in compliance with Regulation S under the Securities Act.

This press release is neither an offer to sell nor the solicitation of an offer to buy the Notes, the Existing Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes, the Existing Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. This press release does not constitute a notice of redemption with respect to the Existing Notes.

Stuart McDonald

President and CEO

We seek Safe Harbor.

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