Taseko Mines announces $150M bought deal financing

Taseko Mines (TGB) has announced that it has entered into an agreement with BMO Capital Markets and Canaccord Genuity Corp., as co-lead managers, and National Bank Financial, each as joint bookrunners, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase on “bought deal” basis 37.1M common shares at a price of $4.05 per common share for gross proceeds of $150.255M. The company intends to use the net proceeds of the offering to repay outstanding indebtedness under the company’s revolving credit facility and for general corporate and working capital purposes. The offering is expected to close on or about October 22, subject to certain customary closing conditions, including the receipt of all necessary approvals of the Toronto Stock Exchange and the NYSE American.