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Transaction/Case Details

Taseko Mines Limited completes public offering


April 15, 2009


Mining & Metals




23 Million CAD


In 2009, Taseko Mines Limited (the "Company") closed the previously announced "bought deal" short form prospectus offering (the "Offering") of 15,862,069 common shares at a price of C$1.45 per common share (the "Offering Price"). The closing included the exercise in full by the underwriters of their over-allotment option. The syndicate of underwriters for the Offering was led by Raymond James Ltd. and included Wellington West Capital Markets Inc., Canaccord Capital Corporation, Jennings Capital Inc. and Paradigm Capital Inc.

The Company granted to the Underwriters an over-allotment option to purchase up to an additional 2,068,965 common shares at the Offering Price. The Underwriters elected to exercise the over-allotment option in full for the closing, resulting in aggregate gross proceeds to the Company of C$23 million. The net proceeds from the Offering are intended to be used for discharge of accounts payable and general working capital.

Taseko is a development and production company listed on the Toronto and NYSE Amex Exchanges. Its Gibraltar copper-molybdenum mine is currently undergoing a two phase expansion. Both Gibraltar and Prosperity are located in south-central British Columbia, Canada. 

McCarthy Tétrault LLP advised Taseko with a team that included Michael Urbani, Sam Adkins, and Adam Wanke.


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