Taseko increases Yellowhead shareholdings to 18.5%
2015-10-06 19:17 ET - News Release
See News Release (C-TKO) Taseko Mines Ltd
Mr. Russell Hallbauer of Taseko reports
TASEKO ANNOUNCES MULTILATERAL INSTRUMENT 62-104 EARLY WARNING REPORT FILING
Taseko Mines Ltd. has acquired 12,426,757 common shares of Yellowhead Mining Inc. at a cost of 4.5 cents per share pursuant to a rights offering.
Prior to the rights offering, Taseko held 10,469,507 shares of Yellowhead, representing approximately 10.6 per cent of Yellowhead's issued and outstanding shares. As a result of its participation in this rights offering, Taseko now holds a total of 22,896,264 shares of Yellowhead, representing approximately 18.5 per cent of Yellowhead's issued and outstanding shares. All of these shares of Yellowhead are held directly by Taseko and are being held for investment purposes. Taseko may, in the future, take such actions in respect of its Yellowhead shares as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Yellowhead through open market purchases or privately negotiated transactions, or the sale of all or portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers.
There are no persons acting jointly or in concert with Taseko with respect to Taseko's shareholdings in Yellowhead, nor has Taseko entered into any agreements in respect of its shareholdings in Yellowhead with any person with which Taseko acts jointly or in concert.
This news release is issued pursuant to Multilateral Instrument 62-104 of the Canadian Securities Administrators, which also requires a report to be filed with the British Columbia, Alberta and Ontario securities commissions, and with other provincial securities commissions in Canada, containing information with respect to the foregoing matters. To obtain a copy of the subject report, please go to Yellowhead's profile on the SEDAR website.