Marble, columns and stairs
Feb 19, 2021

On November 17, 2020, Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) completed a US$23 million bought deal public offering pursuant to an underwriting agreement dated November 11, 2020 among the company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including Velocity Trade Capital Ltd., BMO Nesbitt Burns Inc., National Bank Financial Inc. and TD Securities Inc. In addition, the underwriters exercised the over-allotment option in full, for additional proceeds of approximately US$3.45 million.

Taseko Mines anticipates using the proceeds to fund ongoing operating, engineering and project costs in connection with the advancement of its Florence Copper Project and for general corporate purposes and working capital.

Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko Mines operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

McMillan LLP acted as counsel to Taseko Mines Limited with a team led by Cory Kent (Capital Markets & Securities) and included Michael Taylor, Andjela Sabet and Joni Liew (Capital Markets & Securities).