VANCOUVER, BC, Jan. 25, 2021 /CNW/ - Taseko Mines Limited
(TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko") today
announced that it has commenced an offering of US$325 million of Senior Secured Notes due 2026
(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 8.75% Senior Secured Notes due 2022
(the "Existing Notes"), to make capital expenditures, including at
its Florence Copper project and
Gibraltar mine, as working capital
and for general corporate purposes and to pay fees and expenses in
connection with this offering. 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.
Russell Hallbauer
Chief Executive Officer and Director
No regulatory authority has approved or disapproved of the
information contained in this news release.
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, Section 27A of the
Securities Act and 21E of the U.S. Securities Exchange Act of 1934,
as amended, 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," "aim" and similar expressions.
Such statements reflect Taseko's current views with respect to
future events and are subject to risks and uncertainties. These
statements 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 the documents that Taseko has filed with or
furnished to the United States Securities and Exchange Commission
www.sec.gov and home jurisdiction filings that are available
at www.sedar.com.
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SOURCE Taseko Mines Limited