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(Wallace Refiners) – Taseko Mines (TSX:TKO) announced today a bought-deal financings of 27.750 million common shares at 83 cents per share for proceeds of $23.0 million.
The company said the lead underwriter is Cantor Fitzgerald Canada.
Proceeds will be used to fund ongoing operating, engineering and project costs for the company’s Florence copper project, an in-situ copper recovery project, is located midway between Phoenix and Tucson.
The company expects the mine will produce an average of 85 million pounds of copper per year over its 20-year life.
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