Taseko denies agreement on Sojitz's stake in Gibraltar Mines, shares rise

DOWA Holdings

03/02/2023 15:35

** Taseko Mines Ltd's shares  TKO.TO  up 8.7% at C$2.38
    ** TKO says no binding agreement with Japanese trading house
Sojitz Corp  2768.T  had been reached regarding potential
purchase of Sojitz's share in Gibraltar Mines in Canada
        ** TKO says it has been in confidential discussions with
Sojitz regarding the potential purchase of Sojitz's interest in
Cariboo 
  
    ** Gibraltar Mines is operated through a joint venture, with
Taseko owning 75% and Cariboo Copper Corp holding the rest;
Sojitz owns 50% of Cariboo, with Furukawa Co  5715.T  and DOWA
 5714.T  holding 25% each
    ** Sojitz on Thursday had said it was selling its 12.5%
stake in Gibraltar Mines to TKO, sending TKO's shares down 10.6%
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))