UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
CIK # 878518
as at November 21, 2006
TASEKO MINES LIMITED
800 West Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F...X.... Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper
of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ..... No .....
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
Date: November 21, 2006
Print the name and title of the signing officer under his signature.
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1020 - 800 W Pender St.
Vancouver BC
Canada V6C 2V6
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667 - 2114
www.tasekomines.com
TASEKO'S C$1.05 PER SHARE OFFER FOR bcMETALS CORP.
SET TO LAUNCH NOVEMBER 23, 2006
November 21, 2006,
Vancouver, BC - Taseko Mines Limited ("Taseko" or the
"Company") (TSX: TKO) (AMEX: TGB) announced today that further
to its November 2, 2006 news release, it will launch a C$1.05 per share
take-over bid offer for all of the outstanding shares of bcMetals Corporation
("bcMetals") (TSX VENTURE: C) on November 23, 2006. The offer
represents an 11% premium over a recent third party offer for bcMetals.
In light of intervening events, Taseko has decided to lower the tendering
threshold condition for its bid from 90% to 66 2/3%. The other principal
conditions remain as previously announced and include the requirement for
a conditional settlement that would allow Taseko to acquire the minority
shares of bcMetals' subsidiary, American Bullion Minerals Ltd., and
the defeat by bcMetals shareholders at their November 30, 2006 special meeting
of both the Limited Purpose Shareholder Rights Plan (or the deactivation
of the plan by the Board) and the resolution to approve the proposed joint
venture of the Red Chris Property with Global International Jiangxi Copper
Mining Company Limited.
Taseko President and CEO, Russ Hallbauer, stated, "As we have previously
commented, this is a solid bid and should appeal to the bcMetals shareholders
who would prefer to see cash-in-hand rather than hold shares in a minority
participant in a joint venture."
The details of the offer will be included in a formal take-over bid circular
to be mailed to bcMetals shareholders and publicly filed in accordance with
applicable securities laws. The Taseko bid will also offer C$0.02 for each
out-of-the-money bcMetals share purchase warrant. Taseko intends to promptly
make the necessary regulatory filings in respect of the offer. The offer
will be subject to other customary conditions, including receipt of any
necessary regulatory approvals and absence of material adverse changes,
all of which conditions will be described in detail in the formal bid circular.
About Taseko Mines Limited
Taseko is positioned to provide immediate returns and longer term growth
through its large scale, long life Gibraltar copper-molybdenum mine, its
advanced stage Prosperity gold-copper project on which feasibility-level
studies are underway; and its Harmony property that hosts a large gold deposit
with longer term development potential. All the projects are located in
British Columbia, Canada.
For further details
on Taseko and its properties, please visit the Company's website at
www.tasekomines.com or contact Investor Services at (604) 684-6365 or within
North America at 1-800-667-2114.
Russell Hallbauer
President and CEO
No regulatory authority has approved or disapproved the information contained
in this news release.
Forward-Looking Statements
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 oriented information includes the timing of making
a take-over bid and the uncertainties of in regards to its possible success
and related regulatory approvals. Mining is a risky business and 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.
For further information on the Company, Investors should review the Company's
Canadian public filings at www.sedar.com or its US public filings at www.sec.gov