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Taseko Announces US$23 Million Bought Deal and up to US$2 Million Concurrent Private Placement
Taseko Announces US$23 Million Bought Deal and up to US$2 Million Concurrent Private Plac...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n \n \n \n Taseko Announces US$23 Million Bought Deal and up to US$2 Million Concurrent Private Placement\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. 11, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 11, 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 the Company has entered into an agreement dated\n \n November 11, 2020\n \n with Cantor Fitzgerald Canada Corporation (the \"\n \n Lead Underwriter\n \n \"), as lead underwriter and sole book-runner on behalf of itself and a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), to purchase, on a bought deal basis, 27,750,000 common shares of the Company (the \"\n \n Offered Shares\n \n \") at the price of\n \n US$0.83\n \n \n \n per Offered Share (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds of approximately\n \n US$23\n \n .0 million (the \"\n \n Offering\n \n \").\n \n \n In addition, Taseko has agreed to grant to the Underwriters an over-allotment option exercisable, in whole or in part, in the sole discretion of the Underwriters, to purchase up to an additional 4,162,500 common shares (representing 15% of the total number of common shares comprised in the Offering) at the Issue Price for a period of up to 30 days after the closing of the Offering for potential gross proceeds of up to approximately\n \n US$3\n \n .5 million. The Company has agreed to pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the Offering, including proceeds received from the exercise of the over-allotment option.\n \n \n 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 is expected to close on or about\n \n November 17\n \n , 2020 and is subject to certain condition...