Raging River LP Encourages Shareholders to Vote to Restore Trust at Taseko Mines and Gives More Details on Plan for Change
- Raging River encourages shareholders to take action to replace the three conflicted directors and empower their shareholder nominees to improve the long-term value of Taseko Mines' shares. - Raging River offers a closer look at their plan for change; clarifies untrue, misleading allegations made by Taseko Mines.
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/26/16 -- Raging River Capital LP ("Raging River") releases a letter to shareholders highlighting the benefits of their "plan by shareholders for shareholders" and encourages shareholders to vote the BLUE proxy to improve Taseko Mines Limited (TSX: TKO)(NYSE MKT: TGB) ("Taseko Mines") by ending the board's conflicts of interest. Raging River also refutes misleading claims made by Taseko Mines regarding their bond position, further demonstrating the self-interested directors' lack of knowledge and experience in corporate finance and capital markets.
"Taseko has tried hard to convince you that you should stick with the devil you know in the hopes that you are fearful of change. If you vote for the current directors they will take it as your approval to continue with their self-dealing and pattern of value destruction. It's time to say enough is enough and end the conflicts of interest," said Mark Radzik, Managing Partner of Raging River. "A vote for Raging River is a vote to restore trust at Taseko Mines. As the second largest shareholder, we will put shareholders' interests first and increase the value of your shares."
While the full text of the letter can be viewed , at , or at Taseko Mines' SEDAR profile at , key points include:
SHAREHOLDERS ARE ENCOURAGED TO VOTE FOR CHANGE BY 10:00 AM (EST) MAY 6, 2016
Shareholders are encouraged to vote their BLUE proxy or VIF "FOR" the removal of each of the self-interested and conflicted incumbent Taseko Mines 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 .
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
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Unternehmensinformation / Kurzprofil:
Datum: 26.04.2016 - 16:19 Uhr
Sprache: Deutsch
News-ID 466565
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Personal Finance
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