News and event information for Williams Lake, BC - as it happens.

(Press release.)

Taseko Mines Limited has announced that it has acquired 7,692,307 common shares of Yellowhead Mining Inc. at a price of $0.65 per share pursuant to a private placement for subscription proceeds of $5 million.

Prior to the acquisition of these 7,692,307 shares, Taseko held 2,577,200 shares of Yellowhead representing approximately 4.8% of Yellowhead's issued shares prior to the closing of the private placement. As a result of its participation in this private placement, Taseko now holds a total of 10,269,507 shares of Yellowhead, representing approximately 16.8% of the shares of Yellowhead Mining Inc. currently issued and outstanding.

Yellowhead Mining is a publicly traded company with a 100% interest in the Harper Creek copper-gold-silver development project in south-central British Columbia. 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 Mining Inc. through open market purchases or privately negotiated transactions, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers.

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