Vertex One Asset Management Inc.

February 03, 2016 12:05 ET

Vertex One Asset Management Inc. Issues Statement Concerning Taseko Mines Limited

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 3, 2016) - Vertex One Asset Management Inc. ("Vertex One"), one of Taseko Mines Limited's (TSX:TKO)(NYSE MKT:TGB) ("Taseko") largest shareholders owning 3.92% of issued and outstanding shares, commented today on Raging River Capital LP's ("Raging River") recent initiative to enhance shareholder value at Taseko.

While there is no assurance about the outcome of the special meeting of Taseko shareholders on May 10, 2016, should Raging River's independent nominees be elected to Taseko's Board of Directors, Vertex One would be supportive of Raging River's plan to focus Taseko's business strategy, evaluate the relationship with Hunter Dickinson and address Taseko's balance sheet.

Strong corporate governance, accountability and alignment with shareholder interests have always been important to Vertex One. As such, Vertex One supports the replacement of incumbent directors Ronald Thiessen, Russell Hallbauer and Robert Dickinson with Raging River's independent nominees Paul Blythe, Randy Davenport, Henry Park and Mark Radzik.

ABOUT VERTEX ONE

Vertex One Asset Management Inc. is a Vancouver based asset management firm providing investment services to retail advisors, high-net-worth individuals and institutions.

Contact Information

  • Vertex One Asset Management Inc.
    Matthew Wood
    (604) 681-5787