VANCOUVER, May 30, 2017 /CNW/ - Taseko Mines Limited (TSX:
TKO; NYSE MKT: TGB) ("Taseko") today announced that it has
commenced an offering of US$250
million aggregate principal amount of Senior Secured Notes
due 2022 (the "Notes"). The aggregate principal amount, interest
rate and other terms of the Notes will be determined at pricing and
are dependent upon market conditions and other factors.
Taseko intends to use the net proceeds from this offering,
together with cash on hand, to redeem its outstanding 7.75% Senior
Notes due 2019 (the "Existing Notes") (including accrued interest)
and to prepay its secured loan facility (including accrued interest
and prepayment costs).
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
"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.
CAUTION REGARDING FORWARD-LOOKING
STATEMENTS
This document contains forward-looking statements and
forward-looking information (collectively referred to as
"forward-looking statements"), within the meaning of applicable
Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995, which may not be based on
historical fact, including without limitation statements regarding
Taseko's expectations in respect of future financial position,
business strategy, future production, reserve potential,
exploration drilling, exploitation activities, events or
developments that Taseko expects to take place in the future,
projected costs and plans and objectives. Often, but not
always, forward-looking statements can be identified by the use of
the words "believes," "may," "plan," "will," "estimate,"
"scheduled," "continue," "anticipates," "intends," "expects" and
similar expressions. Such statements reflect Taseko's current
views with respect to future events and are subject to risks and
uncertainties and are necessarily based upon a number of estimates
and assumptions that are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors could cause Taseko's actual
results, performance or achievements to be materially different
from any future results, performance, or achievements that may be
expressed or implied by such forward-looking statements, including
those contained in Taseko's filings.
For further information on Taseko, investors should review
Taseko'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.
SOURCE Taseko Mines Limited