UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
CIK # 878518
as at September 16, 2009
TASEKO MINES LIMITED
800 West Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or
Form 40-F.
Form 20-F...X.... Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No .....
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: /s/ Russell E. Hallbauer
Director and Chief Executive Officer
Date: September 17, 2009
Print the name and title of the signing officer under his signature.
Ste.1020-800
West Pender Street
Vancouver, BC V6C 2V6
Tel: 778-373-4545
Fax: 778-373-4534
Toll Free: 1-800-667-2114
www.tasekomines.com
NEWS RELEASE
TASEKO MINES NOW A SIGNIFICANT SHAREHOLDER IN COPPER MOUNTAIN
MINING CORPORATION EXPRESSES CONCERNS OVER COPPER MOUNTAIN
'S HIGHLY DILUTIVE FINANCING
September 16, 2009 - Taseko Mines Limited (TSX: TKO;
AMEX: TGB) (the "Company") announced today that as a significant shareholder
of Copper Mountain Mining Corp. ("Copper Mountain") it has expressed
concerns to Copper Mountain over its highly dilutive $1.15 brokered financing
(the "Brokered Financing") announced today.
Taseko advises that on September 15, 2009 it delivered a written share exchange
merger proposal to the Copper Mountain Board which valued Copper Mountain
at a large premium to the Brokered Financing announced by Copper Mountain
today. The Brokered Financing will only net Copper Mountain less than $1.10
per share and will result in well over 130% dilution to its shareholders.
The Taseko offer also included an unconditional and immediate cash financing
of $10 million at a similar premium price per Copper Mountain share relative
to the Brokered Financing. Taseko plans to take legal steps to try to subject
the Brokered Financing to a Copper Mountain shareholders' vote. Other
concerned Copper Mountain shareholders are invited to contact Taseko at the
numbers below.
Russell Hallbauer, Taseko President and Chief Executive Officer commented:
"We believe the $1.15 brokered financing badly undervalues Copper Mountain
and we were astonished that our offer was not properly responded to before
the brokered deal was priced. We see this as a large loss of value for the
current Copper Mountain shareholders and we intend to do what we can to allow
Copper Mountain shareholders to have a voice in this."
For further information, contact Peter Mitchell, Chief Financial Officer -
778-373-4545, toll free 1-800-667-2114.
No regulatory authority has approved or disapproved of the information contained
in this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of
historical facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include capital market conditions, commodities
market prices, exploitation and exploration successes, lack of continuity
of mineralization, completion of the mill upgrade on time estimated and at
scheduled cost, continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected in the forward
looking statements. For more information on the Company, Investors should
review the Company's annual Form 40-F filing with the United States Securities
and Exchange Commission or the Company's home jurisdiction filings at
www.sedar.com.