This announcement is an advertisement for the purposes of the
Prospectus Rules of the Financial Conduct Authority ("FCA") and not
a prospectus and not an offer to sell, or a solicitation of an
offer to subscribe for or to acquire, securities in any
jurisdiction, including in or into the
United States, Israel,
Australia, Japan or the Republic of South Africa.
Neither this announcement nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction. Investors should not
purchase or subscribe for any shares referred to in this
announcement other than solely on the basis of information that is
contained in the prospectus published by the Company ("Prospectus")
in connection with the proposed admission of its common shares to
the standard listing segment of the Official List of the FCA and to
trading on the main market for listed securities of the London
Stock Exchange plc ("LSE").
VANCOUVER, Nov. 18, 2019 /CNW/ - Taseko Mines Limited.
(TSX:TKO, NYSE:TGB, LSE:TKO) ("Taseko" or the "Company"), a North
American focused copper producer and developer, is pleased to
announce that its Prospectus for the listing of the Company's
common shares ("Common Shares") to the standard segment of the
Official List and the LSE's Main Market for listed securities
("Admission") has been approved by the UK Listing Authority
("UKLA") and was published today, on its website at
www.tasekomines.com/investors/lse-listing and is available
under the Company's Sedar profile at www.sedar.com. The
approval of the Prospectus should not be understood as an
endorsement of the securities admitted to trading on the LSE.
The Company expects that Admission will become effective and
that unconditional dealings in the Common Shares will commence at
08.00 a.m. on Friday 22 November 2019, under the ticker "LSE:TKO".
A copy of the Prospectus has been submitted to the National
Storage Mechanism and is available for inspection (subject to
securities laws) at www.morningstar.co.uk/uk/NSM. Hard copies of
the Prospectus will also be available during normal business hours
at the offices of the Company's English legal advisers, Memery
Crystal LLP, at 165 Fleet Street, London EC4A 2DY.
Stuart McDonald, President of
Taseko, commented, "We are excited to commence trading on the LSE,
and believe the listing will provide Taseko with much greater
exposure to UK and European based generalist investors and also
supplement the trading of our common shares on both our existing
North American listings."
"The solid base of production and cash flow from our Gibraltar
Copper Mine, combined with near-term and low-cost growth from our
Florence Copper Project, presents an excellent investment
opportunity. With long life assets located in secure North
American jurisdictions, and an experienced management team, we are
in a unique position to benefit from an improving copper market,"
concluded Mr. McDonald.
Russell Hallbauer
Chief Executive Officer and Director
No regulatory authority has approved or disapproved of the
information contained in this news release. Potential
investors should read the Prospectus before making an investment
decision in order to fully understand the potential risks and
rewards associated with the decision to invest in the
securities.
CAUTION REGARDING FORWARD-LOOKING
INFORMATION
This document contains "forward-looking statements" within the
meaning of applicable Canadian securities legislation and the
United States Private Securities Litigation Reform Act of 1995
(collectively, "forward looking statements") that were based on
Taseko's expectations, estimates and projections as of the dates as
of which those statements were made. Any statements that express,
or involve discussions as to, expectations, believes, plans,
objectives, assumptions or future events or performance that are
not historical facts, are forward-looking statements.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "outlook",
"anticipate", "project", "target", "believe", "estimate", "expect",
"intend", "should" and similar expressions.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking statements. These included but are not limited
to:
- uncertainties and costs related to the Company's exploration
and development activities, such as those associated with
continuity of mineralization or determining whether mineral
resources or reserves exist on a property;
- uncertainties related to the accuracy of our estimates of
mineral reserves, mineral resources, production rates and timing of
production, future production and future cash and total costs of
production and milling;
- uncertainties related to feasibility studies that provide
estimates of expected or anticipated costs, expenditures and
economic returns from a mining project;
- uncertainties related to the ability to obtain necessary title,
licenses and permits for development projects and project delays
due to third party opposition;
- our ability to comply with the extensive governmental
regulation to which our business is subject;
- uncertainties related to unexpected judicial or regulatory
proceedings;
- changes in, and the effects of, the laws, regulations and
government policies affecting our exploration and development
activities and mining operations, particularly laws, regulations
and policies;
- changes in general economic conditions, the financial markets
and in the demand and market price for copper, gold and other
minerals and commodities, such as diesel fuel, steel, concrete,
electricity and other forms of energy, mining equipment, and
fluctuations in exchange rates, particularly with respect to the
value of the U.S. dollar and Canadian dollar, and the continued
availability of capital and financing;
- the effects of forward selling instruments to protect against
fluctuations in copper prices and exchange rate movements and the
risks of counterparty defaults, and mark to market risk;
- the risk of inadequate insurance or inability to obtain
insurance to cover mining risks;
- the risk of loss of key employees; the risk of changes in
accounting policies and methods we use to report our financial
condition, including uncertainties associated with critical
accounting assumptions and estimates;
- environmental issues and liabilities associated with mining
including processing and stock piling ore;
- labour strikes, work stoppages, or other interruptions to, or
difficulties in, the employment of labour in markets in which we
operate mines, or environmental hazards, industrial accidents,
equipment failure or other events or occurrences, including third
party interference that interrupt the production of minerals in our
mines;
- the availability of, and uncertainties relating to the
development of, infrastructure necessary for the development of our
projects;
- our reliance upon key personnel; and
- uncertainties relating to increased competition and conditions
in the mining capital markets.
For further information on Taseko, investors should review the
Company'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, including the "Risk
Factors" included in our Annual Information Form.
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SOURCE Taseko Mines Limited