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 September 30, 2009
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....... Form 40-F......X...
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/ Russell E. Hallbauer
Director and Chief Executive Officer
Date: September 30, 2009
Print the name and title of the signing officer under his signature.
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 PURCHASES CONVERTIBLE BONDS
AND
SECURES DEBT FINANCING PACKAGES
September 30, 2009, Vancouver, BC - Taseko Mines Limited
(TSX: TKO; NYSE AMEX: TGB) ("Taseko" or the "Company") is
pleased to announce that it has recently completed the repurchase of the remaining
US$10 million of Convertible Bonds. The entire US$30 million of Convertible
Bonds were repurchased from June to August out of working capital.
In September, Taseko completed two debt financings totalling C$29.0 million
that will enable the Company to complete planned production enhancements at
its Gibraltar Mine, as well as increase general working capital. The debt
financings include a US$20.0 million increase to its existing credit facility
with Credit Suisse, adding Investec Bank PLC to its lender group, and a C$7.1
million royalty financing, placed in Canada, which pays a 6% royalty. The
terms of the expanded credit facility are consistent with the existing facility.
Peter Mitchell, CFO of Taseko commented, "In the last six months, under
difficult financial market conditions, we have closed $50 million of debt
financing and eliminated the convertible debt and associated dilution, as
well as significantly reducing other short-term liabilities. Our improved
balance sheet now provides financial flexibility and will allow our Gibraltar
operational staff to continue to advance capital projects and cost containment
initiatives, further enhancing profitability.
Mr. Mitchell continued, "Strong relationships with multiple international
banks will be very important and create opportunities as we progress financing
activities related to Prosperity."
For further information on Taseko, please see the Company's website www.tasekomines.com
or contact:
Brian Bergot, Investor Relations -- 778-373-4545, toll free 1-800-667-2114
Russell Hallbauer
President and CEO
No regulatory authority
has approved or disapproved of the information contained in this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of
historical facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include capital market conditions, commodities
market prices, exploitation and exploration successes, lack of continuity
of mineralization, continued availability of capital and financing, the ability
to obtain and maintain required permits, including environmental, construction
and mining permits and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from those projected
in the forward-looking statements. For more information on the Company, Investors
should review the Company's annual Form 40-F filing with the United States
Securities and Exchange Commission or the Company's home jurisdiction
filings at www.sedar.com.