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<SEC-DOCUMENT>0000878518-06-000020.txt : 20060907
<SEC-HEADER>0000878518-06-000020.hdr.sgml : 20060907
<ACCEPTANCE-DATETIME>20060906180539
ACCESSION NUMBER:		0000878518-06-000020
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060825
FILED AS OF DATE:		20060907
DATE AS OF CHANGE:		20060906

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TASEKO MINES LTD
		CENTRAL INDEX KEY:			0000878518
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31965
		FILM NUMBER:		061077672

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1020
		STREET 2:		800 WEST PENDER STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2V6
		BUSINESS PHONE:		604-684-6365

	MAIL ADDRESS:	
		STREET 1:		SUITE 1020
		STREET 2:		800 WEST PENDER STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2V6
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tko6k_082506.htm
<DESCRIPTION>PRESS RELEASE AUGUST 25, 2006
<TEXT>
<html>
<head>
<title>Taseko Announces $11.5 Million Investment in Continental Minerals Corporation</title>    </head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
  <div align="center"><font size="3" face="Arial, Helvetica, sans-serif"><br>
    &nbsp; <br>
    <strong><font size="4">&nbsp; <br>
    UNITED STATES <br>
    SECURITIES AND EXCHANGE COMMISSION </font></strong><br>
    Washington, DC 20549 <br>
    &nbsp; <br>
    <font size="4">&nbsp; <br>
    <b>FORM 6-K</b> </font><br>
    &nbsp; <br>
    &nbsp; <br>
    Report of Foreign Private Issuer <br>
    Pursuant to Rule 13a-16 or 15d-16 <br>
    of the Securities Exchange Act of 1934 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b>CIK # 878518</b> <br>
    &nbsp; <br>
    &nbsp; <br>
    As at August 25, 2006 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b> <u><font size="4">TASEKO MINES LIMITED</font></u></b> <br>
    <b>800 West Pender Street, Suite 1020</b> <br>
    <b>Vancouver</b> <b>, British Columbia</b> <br>
    <b>Canada</b> <b> V6C 2V6</b> <br>
    &nbsp; <br>
    &nbsp; <br>
    Indicate by check mark whether the registrant files or will file annual reports
    under cover Form 20-F or Form 40-F. <br>
    &nbsp; <br>
    Form 20-F...X.... Form 40-F......... <br>
    &nbsp; <br>
    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): ____ <br>
    &nbsp; <br>
    &nbsp; <br>
    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. <br>
    &nbsp; <br>
    &nbsp; <br>
    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): ____ <br>
    &nbsp; <br>
    &nbsp; <br>
    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. <br>
    &nbsp; <br>
    Yes ..... No ..... <br>
    &nbsp; <br>
    If &quot;Yes&quot; is marked, indicate below the file number assigned to the
    registrant in connection with Rule 12g3-2(b): 82- ________ <br>
    &nbsp; <br>
    Signatures <br>
    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. <br>
    &nbsp; <br>
    &nbsp; <br>
    By: /s/ Jeffrey R. Mason <br>
    Director and Chief Financial Officer <br>
    &nbsp; <br>
    Date: August 25, 2006 <br>
    &nbsp; <br>
    Print the name and title of the signing officer under his signature. <br>
    &nbsp; <br>
    <b>--------------------</b> </font></div>
  <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=910  style=&#39;width:682.2pt;margin-left:-66.6pt;border-collapse:collapse;border:none&#39;>
<tr bgcolor="#333333" style=&#39;height:31.0pt&#39;>
      <td width=910 height="34" style=&#39;width:682.2pt;border:solid windowtext 1.0pt;background:   #0D0D0D;padding:0in 5.4pt 0in 5.4pt;height:31.0pt&#39;><b>
        <h1 align=left style=&#39;margin-top:2.0pt;text-align:left&#39;><font color="#FF0000" size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TKO
          ANNOUNCES</font><font size="3"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font color="#FF0000">
          &nbsp;&nbsp;&nbsp;TKO ANNOUNCES &nbsp;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></h1>
        </b></td>
    </tr> </table>
  <div align="center"><br>
    &nbsp; <br>
    <strong><font size="4" face="Arial, Helvetica, sans-serif">Taseko Mines Limited</font></strong>
    <font size="3" face="Arial, Helvetica, sans-serif"><strong><br>
    1020-800 West Pender Street <br>
    Vancouver, BC <br>
    V6C 2V6 <br>
    Tel: 604-684-6365 <br>
    Fax: 604-684-8092 <br>
    Toll Free 1-800-667-2114 <br>
    www.tasekomines.com </strong></font></div>
</div>
<div align="center"><font size="3" face="Arial, Helvetica, sans-serif"><strong>
  </strong></font></div>
<div align="center" class=Section2>
  <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"><strong>
    &nbsp; <br>
    TASEKO ANNOUNCES $11.5&nbsp;MILLION INVESTMENT IN <br>
    CONTINENTAL MINERALS CORPORATION </strong></font></p>
  <p align="justify"><b><font size="3" face="Arial, Helvetica, sans-serif">August
    25, 2006, Vancouver, BC </font></b><font size="3" face="Arial, Helvetica, sans-serif">&#45;
    Taseko Mines Limited (&#34;Taseko&#34;) (TSX:TKO; AMEX: TGB) announces that
    it has reached an agreement with Continental Minerals Corporation (&#34;Continental&#34;)
    whereby Taseko will purchase an $11.5&nbsp;million principal amount convertible
    secured promissory note of Continental (the &#34;Note&#34;). The Note, if
    not earlier converted, redeemed or repaid on the terms outlined below, is
    due one year from its date of issuance (the &#34;Closing&#34;). <br>
    &nbsp; <br>
    Taseko has the right to convert any or all of the principal then outstanding
    under the Note plus a 5% premium into Continental common shares at $2.05 per
    share if the Note is exercised within the first six months or, at $2.25 per
    share if exercised in the second six months. Taseko also receives the right
    to participate in Continental&#39;s future financings (the &#34;Participation
    Right&#34;) and in such event can redeem the Note at 105% of the $11.5&nbsp;million
    principal amount of the Note and use the proceeds to subscribe for securities
    offered under such future financing. In addition, upon conversion of the Note
    or its redemption in the event that the Participation Right is exercised,
    Taseko will acquire a right of first refusal (the &#34;Pre-Emptive Right&#34;)
    for up to five years, during which time Taseko may purchase up to 50% of any
    equity or convertible securities, excepting certain normal course securities
    issuances, offered by Continental in a subsequent financing until a maximum
    of 19.9% of Continental&#39;s then outstanding shares on a fully diluted basis
    are held by Taseko. If Taseko fails to exercise the Pre-Emptive Right in regards
    to any offered securities under a future financing, the Pre-Emptive Right
    thereupon expires. <br>
    &nbsp; <br>
    The Note provides for interest at the rate of 16% per annum payable monthly.
    Interest is payable in cash, or at Taseko&#39;s election, in Continental common
    shares based upon the higher of the five day volume weighted average of the
    closing price of Continental&#39;s common shares at the time the interest
    payment is due or at Closing. Repayment of the Note is secured by an indirect
    pledge of Continental&#39;s 60% interest in the Xietongmen property, which
    security interest will be subordinated, if necessary, to any security interest
    granted by Continental in respect of senior debt. Continental retains the
    right to pre-pay the Note on 10 days notice, after 180 days from the Closing.
    <br>
    &nbsp; <br>
    Taseko and Continental are both Hunter Dickinson Inc. operated companies and
    have certain common directors and, accordingly, the independent directors
    of each company have approved this financing. Completion of this financing
    is subject to regulatory approval. Any Continental shares issued pursuant
    to conversion of the Note will be subject to a four month hold period from
    Closing. <br>
    <br>
    Russell Hallbauer <br>
    President and CEO <br>
    <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
    currencies expressed in Canadian dollars</b> <br>
    &nbsp; <br>
    The Toronto Stock Exchange and the American Stock Exchange have neither approved
    nor disapproved of the contents of this press release. <br>
    &nbsp; <br>
    <font size="2">This news release contains forward-looking statements that
    are based on current expectations and which involve risks and uncertainties,
    including those referred to in Taseko&#39;s Annual Information Form (&quot;AIF&quot;)
    filed with Canadian securities regulatory authorities, or Taseko&#39;s annual
    Form on 20F (&#34;20F&#34;) filed with United States securities regulatory
    authorities, that could cause actual events or results to differ materially
    from estimated or anticipated events or results reflected in the forward-looking
    statements. Such forward-looking statements include statements regarding financial
    results and expectations for 2006 and include, among other things, statements
    regarding targets, estimates and/or assumptions in respect of copper production
    and/or copper prices, cash operating costs, expenditures on property, plant
    and equipment, increases and decreases in production, reserves and/or resources
    and anticipated grades and recovery rates and are or may be based on assumptions
    and/or estimates related to future economic, market and other conditions.
    Factors that could cause actual results, developments or events to differ
    materially from those anticipated include, among others, the factors described
    or referred to elsewhere herein and/or in the AIF and 20F, and include unanticipated
    and/or unusual events. Many of such factors are beyond Taseko&#39;s ability
    to control or predict. Actual results may differ materially from those anticipated.
    Readers are cautioned not to put undue reliance on forward-looking statements
    due to the inherent uncertainty therein. Taseko disclaims any intent or obligation
    to update publicly any forward-looking statements, whether as a result of
    new information, future events or results or otherwise. <br>
    &nbsp; <br>
    <b>&nbsp;</b> </font></font></p>
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</DOCUMENT>
</SEC-DOCUMENT>
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