Today, Taseko issued a news release that is of importance to our shareholders. More formal information will follow in the next few weeks.
President & CEO
Taseko Mines Responds to Activist Shareholder and Sets Date for Requisitioned Meeting
January 26, 2016, Vancouver, BC – Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (“Taseko” or the “Company”) today responded to comments from activist Raging River Capital LP (“RRC”), which requisitioned a special meeting of Taseko shareholders after acquiring slightly more than the minimum shares for a requisition.
RRC, a recently created entity with no mining assets or operations, began accumulating Taseko shares on December 29, 2015, two weeks before the requisition. One of its principals, Mark Radzik, is also Managing Partner of a Chicago-based investment firm that describes itself as making “opportunistic” investments.
“While we welcome the views of all shareholders, it is unfortunate that RRC made no good faith effort to constructively engage with us before rushing into what will likely be a costly proxy contest,” said Russell Hallbauer, Taseko’s President and Chief Executive Officer. “RRC’s engagement consisted of two telephone calls totaling less than an hour. During those calls, RRC indicated that it was unwilling to consider any possible accommodation or compromise on its Board representation demands.”
For the full 4 page News Release, please visit: http://goo.gl/IYkzfv
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