TKO ANNOUNCES TK0 ANNOUNCES |
TASEKO ANNOUNCES COMPLETION OF FINANCIAL TRANSACTIONS
September
1, 2006, Vancouver, BC -
Taseko Mines Limited (TSX: TKO; AMEX: TGB) ("Taseko" or the "Company")
announces completion of two previously announced transactions.
Further to the press release of August 24, 2006, Taseko has completed the
issuance of the US$30 million principal amount five year convertible bonds
(the "Bonds"). The resale of any of the 8,995,224 common shares in
the capital of Taseko issuable on conversion of the Bonds will be restricted
in Canada until December 29, 2006.
Further to the press release of August 25, 2006, Taseko also announces the
completion of its Cdn$11.5 million convertible note investment in Continental
Minerals Corporation.
For enquires or additional information, call Investor Services at 604-684-6365
or in North America at 1-800-667-2114 or visit the Company's website at
www.tasekomines.com.
Russell E. Hallbauer
President & CEO
The Toronto Stock Exchange and the American Stock Exchange have neither approved
nor disapproved of the contents of this press release.
Forward
Looking Statement
This news release contains forward-looking statements that
are based on current expectations and which involve risks and uncertainties,
including those referred to in Taseko's Annual Information Form ("AIF")
filed with Canadian securities regulatory authorities, or Taseko's annual
Form on 20F ("20F") filed with United States securities regulatory
authorities, that could cause actual events or results to differ materially
from estimated or anticipated events or results reflected in the forward-looking
statements. Such forward-looking statements include statements regarding financial
results and expectations for 2006 and include, among other things, statements
regarding targets, estimates and/or assumptions in respect of copper production
and/or copper prices, cash operating costs, expenditures on property, plant
and equipment, increases and decreases in production, reserves and/or resources
and anticipated grades and recovery rates and are or may be based on assumptions
and/or estimates related to future economic, market and other conditions.
Factors that could cause actual results, developments or events to differ
materially from those anticipated include, among others, the factors described
or referred to elsewhere herein and/or in the AIF and 20F, and include unanticipated
and/or unusual events. Many of such factors are beyond Taseko's ability
to control or predict. Actual results may differ materially from those anticipated.
Readers are cautioned not to put undue reliance on forward-looking statements
due to the inherent uncertainty therein. Taseko disclaims any intent or obligation
to update publicly any forward-looking statements, whether as a result of
new information, future events or results or otherwise.