Taseko Mines Limited Taseko: Upsizing & Pricing Senior Secured Notes Offering

 
TIDMTKO 
 
Taseko Announces Upsizing and Pricing of Senior Secured Notes Offering 
 
VANCOUVER, BC, Jan. 27, 2021 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE 
American: TGB) (LSE: TKO) ("Taseko") today announced that it has upsized and 
priced an offering of US$400 million aggregate principal amount of Senior 
Secured Notes due 2026 (the "Notes"), an upsize of US$75 million over the 
amount previously announced. Interest on the Notes will accrue at an annual 
rate of 7.0% payable semi-annually, and the Notes will be issued at par. The 
offering is expected to close on February 10, 2021, subject to customary 
closing conditions. 
 
Taseko intends to use the net proceeds from this offering, together with cash 
on hand, to redeem all US$250 million aggregate principal amount outstanding of 
its 8.75% Senior Secured Notes due 2022 (the "Existing Notes") (including 
accrued interest), to make capital expenditures, including at its Florence 
Copper project and Gibraltar mine, as working capital, for general corporate 
purposes and to pay fees and expenses in connection with this offering. 
 
The Notes will be secured by first priority liens on the shares of Taseko's 
wholly-owned subsidiaries, Gibraltar Mines Ltd. ("Gibraltar"), Curis Holdings 
(Canada) Ltd. and Florence Holdings Inc., and by Gibraltar's rights under the 
joint venture agreement relating to the Gibraltar mine. The Notes will also be 
guaranteed by certain restricted subsidiaries including Gibraltar and Florence 
Copper Inc. Upon admission of a minority joint venture partner for the Florence 
Copper project under certain conditions, the guarantee of the bonds by Florence 
Copper Inc. would be released. 
 
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. 
 
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. 
 
Russell Hallbauer 
Chief Executive Officer and Director 
 
No regulatory authority has approved or disapproved of the information 
contained in this news release. 
 
Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 
1-877-441-4533 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 28, 2021 02:00 ET (07:00 GMT)