Unconditional Retraction and Apology Concerning Statements Made About Russell Hallbauer, Brian Battison, Robert Dickinson, Robert Rotzinger, John McManus and William Armstrong of Taseko Mines Limited
VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Raging River Capital, LP ("Raging River"), Taseko Mines Limited ("Taseko") and Taseko's management engaged in a lengthy and hostile proxy contest in 2016. The majority of Taseko's shareholders expressed confidence in the company and its existing leadership team and rejected Raging River's proposals. Raging River regrets the level of rancor reached in this contest and in particular certain statements that were made about Taseko's management.
Raging River issued the following statement:
"We made statements concerning Russell Hallbauer, Chief Executive Officer and a Director of Taseko, Brian Battison, a Vice-President of Taseko, Robert Dickinson, a member of Taseko's Board of Directors, John McManus, Chief Operating Officer of Taseko, William Armstrong, a member of Tasekos's Board of Directors, Ronald Thiessen, Chairman of the Board of Directors of Taseko, and Robert Rotzinger, Taseko's vice-President of Capital Projects, which may reasonably have been understood to mean those individuals engaged in insider trading and other conduct contrary to the interest and economic rights of Taseko shareholders.
The overwhelming majority of Taseko's shareholders expressed their continued support and confidence for Mr. Hallbauer and his colleagues, and no securities regulatory authority found reason to question or fault the trading behavior of Taseko's insiders. Raging River retracts the statements made in Marketwired Newsreleases on February 29 and March 1, 2016 and in Raging River's proxy materials and apologizes for any harm or distress caused by those statements."
Raging River is no longer an interested party and holds no securities issued by Taseko.
Mark Radzik mark@granitecreek.com
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