By Devika Patel
Knoxville, Tenn., March 27 - Taseko Mines Ltd. announced it has arranged a C$5 million non-brokered private placement of stock. It also plans a C$20 million underwritten offering via short-form prospectus.
Taseko will sell the shares at C$1.45 apiece. It also intends to sell the underwritten offering shares at that price.
Settlement is expected April 15.
Proceeds will be used for general working capital and corporate purposes.
Based in Vancouver, B.C., Taseko is a mineral and metals exploration and production company.
| Issuer: | Taseko Mines Ltd.
|
| Issue: | Common shares
|
| Amount: | C$5 million
|
| Price: | C$1.45
|
| Agent: | Non-brokered
|
| Pricing date: | March 27
|
| Settlement date: | April 15
|
| Stock symbol: | Toronto: | TKO
|
| Stock price: | C$1.76 at close March 26
|
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