VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/18/16 -- Raging River Capital LP ("Raging River") has released its full plan for change at Taseko Mines Limited (TSX: TKO)(NYSE MKT: TGB) ("Taseko Mines"). The plan, available at www.ATrustedTaseko.com, will improve corporate governance and revamp Taseko Mines' strategy to focus on operations instead of high risk development projects and control costs.
Raging River's clear, comprehensive plan outlines six key changes:
1. Review Gibraltar, especially the abruptly changed mine plan plus
compliance and stakeholder obligations, particularly with water
discharge
2. Stop work on Florence and Aley and explore value enhancing opportunities
3. Open respectful dialogues with First Nations and other stakeholders
regarding concerns with Gibraltar and Prosperity
4. Improve corporate governance
5. Review costs: corporate overhead, board and management compensation and
HDI services
6. Focus on dealing with the debt obligations
Raging River has also made a replay of its shareholder town hall available. In the town hall Raging River's nominees discuss details about their comprehensive plan for change, reaffirming they are best suited to create long-term value for shareholders and put Taseko Mines back on the right track.
To hear all the details, visit www.ATrustedTaseko.com or call the replay number: (416) 621-4642 Local and International or (800) 585-8367 (North American toll free number).
Conference ID: 83971136
To find out more about Raging River's plan for change visit http://static1.squarespace.com/static/569aa2d05827c35cee1c6df9/t/570e5205c2ea51b9b79fe886/1460556298897/KNG-PPT2016-001-R4.pdf
SHAREHOLDERS ARE ENCOURAGED TO VOTE FOR CHANGE
Shareholders are encouraged to vote their BLUE proxy or VIF "FOR" the removal of each of the self-interested and conflicted incumbent Taseko directors: Ronald Thiessen, Russell Hallbauer and Robert Dickinson and the election of the following four independent and highly qualified new directors to the Board: Paul Blythe, Randy Davenport, Henry Park and Mark Radzik.
Shareholders with questions should contact Kingsdale Shareholder Services at 1-888-518-6832 toll-free in North America, or 1-416-867-2272 outside of North America, or by email at contactus@kingsdaleshareholder.com.
ADVISORS
Raging River has engaged Norton Rose Fulbright Canada LLP as its legal advisor and Kingsdale Shareholder Services as its strategic and communications advisor and proxy solicitor.
Contacts:
Media:
Kingsdale Shareholder Services
Ian Robertson
Executive Vice President, Communication Strategy
Direct: 416.867.2333 Cell: 647.621.2646
irobertson@kingsdaleshareholder.com
