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BRIEF-Taseko Mines Says Co Acquires 100% Of Gibraltar Mine
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BRIEF-Taseko Mines Says Co Acquires 100% Of Gibraltar Mine
Mar 25, 2024 12:17 AM

March 25 (Reuters) - Taseko Mines Ltd ( TGB ):

* TASEKO MINES LIMITED ( TGB ): TASEKO ACQUIRES 100% OF GIBRALTAR

MINE

* TASEKO MINES LTD ( TGB ) - ACQUISITION PRICE CONSISTS OF A MINIMUM

AMOUNT OF $117 MILLION PAYABLE OVER A PERIOD OF TEN YEARS AND

POTENTIAL CONTINGENT PAYMENTS

* TASEKO MINES LTD ( TGB ) - INITIAL $5 MILLION WILL BE PAID TO DOWA

AND

FURUKAWA ($2.5 MILLION EACH) SHORTLY FOLLOWING CLOSING

* TASEKO MINES LTD ( TGB ) - ALL AMOUNTS ARE STATED IN CANADIAN

DOLLARS

(C$)

* TASEKO MINES LTD ( TGB ) - REMAINING CASH CONSIDERATION WILL BE

REPAYABLE IN ANNUAL PAYMENTS COMMENCING IN MARCH 2026

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