TASEKO
ANNOUNCES OFFERING OF US$500 MILLION
OF SENIOR SECURED NOTES DUE 2030
VANCOUVER, BC, April
8, 2024 -- 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.
on Taseko, see the Company's website at
www.tasekomines.com or contact: Brian
Bergot, Vice President, Investor Relations,
778-373-4533.