Taseko Mines Completes Acquisition of Curis Resources

Taseko Mines (TSX:TKO,NYSE MKT:TGB) announced that it had formally completed the acquisition of Curis Resources. The plan was first approved by Curis shareholders on November 10 and the company’s shares will crease to trade after the close of markets on November 25.

According to the press release:

Under the terms of the Transaction, Curis shareholders will receive 0.438 of a Taseko common share for each Curis common share held. Outstanding options to acquire Curis common shares will be exchanged for Taseko common sharesbased on an exchange formula set forth in the plan of arrangement implementing the Transaction. As a result of the Transaction, Curis has become a wholly owned subsidiary of Taseko.

Russell Hallbauer, president and CEO of Taseko Mines, said:

We strongly believe this transaction creates significant, long-term value for Taseko shareholders. The advanced-stage Florence Copper Project is a high quality asset located in Arizona with large copper reserves, a favourable capital and operating cost structure and access to key infrastructure. With the Curis acquisition now complete we can focus on project development and permitting initiatives for the Florence Copper Project. We feel the project is at the stage where Taseko management can support the Arizona-based Florence project team to achieve significant milestones in the near-term.

Click here to read the Taseko Mines Limited (TSX:TKO,NYSE,MKT:TGB) press release