UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 3, 2017
Commission File Number: 001-31965
Taseko Mines Limited
(Translation of registrant's name into English)
15th Floor - 1040 West Georgia St., Vancouver, BC, V6E 4H1
(Address of principal executive offices)
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): [ ]
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): [ ]
SUBMITTED HEREWITH
Exhibits
99.1 | Press release March 3, 2017 | |
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.
Taseko Mines Limited | ||
(Registrant) | ||
Date: March 3, 2017 | By: | /s/ Russell Hallbauer |
Russell Hallbauer | ||
Title: | President & CEO |
TASEKO CLOSES GIBRALTAR MINE SILVER STREAM
March 3 2017, Vancouver, BC Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (Taseko or the "Company") is pleased to announce that it has closed the previously announced US$33 million streaming agreement with Osisko Gold Royalties Ltd (Osisko) for Tasekos 75% share of payable silver production from the Gibraltar Mine.
Under the terms of the silver stream, Taseko has received an upfront deposit of US$33 million (C$44 million) for 100% of its share of Gibraltar payable silver production until 5.9 million ounces have been delivered, which is approximately equivalent to Tasekos share of the silver in the current proven and probable reserves. After that threshold has been met, 35% of Tasekos share of all future silver production will be delivered to Osisko. Osisko will pay US$2.75 per ounce for all the silver deliveries made under the contract. Additionally, Osisko has been granted warrants for three million common shares of Taseko with a strike price of C$2.74 per share (based on a 50% premium to the 10-day VWAP prior to closing). The warrants will expire on April 1, 2020.
For further information on Taseko, please visit the Taseko website at www.tasekomines.com or contact:
Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533
Russell Hallbauer
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This document contains forward-looking statements that were based on Tasekos expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as outlook, anticipate, project, target, believe, estimate, expect, intend, should and similar expressions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Companys actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:
For further information on Taseko, investors should review the Companys annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com.