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Taseko Files Letter to Shareholders and Management Information Circular for May 10, 2016 Special Meeting
Taseko Files Letter to Shareholders and Management Information Circular for May 10, 2016 S...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nTaseko Files Letter to Shareholders and Management Information Circular for May 10, 2016 Special Meeting\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nTaseko Files Letter to Shareholders and Management Information Circular for May 10, 2016 Special Meeting\nCanada NewsWire\nVANCOUVER, March 31, 2016\n\n\n\nTASEKO OUTLINES WHY SHAREHOLDERS MUST VOTE AGAINST DISSIDENTS' PROPOSALS\n\n\n\nVANCOUVER, March 31, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (\"Taseko\" or the \"Company\") today filed on SEDAR (www.sedar.com) a letter to shareholders and Management Information Circular for the Special Meeting of shareholders scheduled for May 10, 2016. These documents are also being mailed to shareholders over the next few days. \n\nIn these proxy documents, Taseko presents to shareholders a compelling case to vote AGAINST all proposals made by bondholder and dissident shareholder Raging River Capital LLC (\"RRC\"). Taseko's independent Special Committee and its Board both unanimously recommend that shareholders vote:\n\n\nAGAINST RRC's proposal to replace three of the most experienced members of the Board, Russ Hallbauer, Ron Thiessen and Robert Dickinson with four under-qualified RRC Nominees; and \nAGAINST RRC's alternative proposal to over-load the Board with 12 directors and burden it with these under-qualified RRC Nominees. \n\nThis Proxy Contest Is About Trust and Competence\n\nYou cannot trust what RRC says about Taseko. RRC's disinformation campaign is being managed by experienced raiders to distract shareholders with smears about insider trading and service fees from the real issue in this proxy contest. The real issue is RRC's troubling short-term strategy to sell-off Taseko's strategically assembled pipeline for growth. RRC's strategy would enhance bondholder returns at the expense of long-term shareholder value.\n\nTaseko's proxy circular makes this clear by:\n\n\nExposing RRC's dirty tricks campaign, such as an alarmist claim totally concocted by RRC that Taseko was planning a dilutive equity financing; \...