Taseko Announces Offering of US$500 Million of Senior Secured Notes Due 2030
TASEKO ANNOUNCES OFFERING OF US$500 MILLION OF
SENIOR SECURED NOTES DUE 2030
VANCOUVER, BC
,
April 8, 2024
/CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko") today
announced that it has commenced an offering of
US$500 million
of Senior Secured Notes due 2030 (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 7.00% Senior
Secured Notes due 2026 (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.
Stuart McDonald
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
Caution Regarding Forward-Looking Information
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 general information on Taseko, 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.sedarplus.ca
.
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SOURCE
Taseko Mines Limited
View original content:
http://www.newswire.ca/en/releases/archive/April2024/08/c8026.html
%SEDAR: 00003212E
For further information:
on Taseko, see the Company's website at www.tasekomines.com or contact: Brian Bergot, Vice President,
Investor Relations, 778-373-4533.
CO: Taseko Mines Limited
CNW 08:24e 08-APR-24