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Taseko Announces Closing of US$23 Million Bought Deal Over-Allotment Option Exercised in Full
Taseko Announces Closing of US$23 Million Bought Deal Over-Allotment Option Exercised in ...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n \n \n \n Taseko Announces Closing of US$23 Million Bought Deal Over-Allotment Option Exercised in Full\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 17, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 17, 2020\n \n /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (\"\n \n Taseko\n \n \" or the \"\n \n Company\n \n \") announces that it has closed its previously announced bought deal offering, (the \"Offering\"). A total of 27,750,000 common shares of the Company were sold at the price of\n \n US$0.83\n \n per Offered Share for gross proceeds of approximately\n \n US$23 million\n \n . The Offering was completed pursuant to an underwriting agreement dated\n \n November 11, 2020\n \n 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. (collectively, the \"\n \n Underwriters\n \n \").\n \n \n In addition, the Underwriters have exercised the over-allotment option in full, with closing expected to be completed on\n \n November 17\n \n , 2020.  The Company will issue an additional 4,162,500 common shares for additional proceeds of approximately\n \n US$3.45 million\n \n .\n \n \n The proceeds of the Offering are anticipated to be used to fund ongoing operating, engineering and project costs in connection with the advancement of the Company's Florence Copper Project and for general corporate purposes and working capital.\n \n \n The Offering was completed by way of a prospectus supplement (the \"\n \n Prospectus Supplement\n \n \") to the Company's existing Canadian base shelf prospectus (the \"\n \n Base Shelf Prospectus\n \n \") and related U.S. registration statement on Form F-10 (SEC File No. 333-237948) (the \"\n \n Registration Statement\n \n \").  The U.S. form of Base Shelf Prospectus is included in the Registration Statement.  This press release does not constitute an of...