Taseko raises cash for Florence project
Metals miner Taseko Mines has announced a $23-million bought-deal and an up to $2-million private placement to fund ongoing operating, engineering and project costs for the Florence copper project, in the US.
The company has entered into an agreement with Cantor Fitzgerald Canada, as lead underwriter and sole book-runner on behalf of itself and a syndicate of underwriters, to purchase, on a bought deal basis, 27.75-million common shares at $0.83 a share.
In addition, Taseko has agreed to grant to the underwriters an over-allotment option to purchase up to an additional 4 162 500 common shares at the issue price for a period of up to 30 days after the closing of the offering.
The offering is expected to close on or about November 17.
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