TASEKO MINES LTD — Major Shareholding Notification 2007

Jul 10, 2007

SC 13G/A 1 sched13ga.htm AMENDMENT NO. 1 TO SCHEDULE 13G HTML PUBLIC "sched13g.pdf" Filed by Automated Filing Services Inc. (604) 609-0244 - Taseko Mines Limited - Schedule 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Amendment No. 1 to SCHEDULE 13G

Under the Securities Exchange Act of 1934

CONTINENTAL MINERALS CORPORATION (Name of Issuer)

Common Shares, no par value (Title of Class of Securities)

66510M (CUSIP Number)

February 20, 2007 (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[_] Rule 13d-1(b)

[ X ] Rule 13d-1(c)

[_] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

SCHEDULE 13G

CUSIP No. [66510M]

1	Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Taseko Mines Limited
2	Check the appropriate box if a
member of a
Group* (a)
[
] (b)
[X]
3	Sec Use Only
4	Citizenship or Place of Organization British Columbia, Canada

| Number of Shares Beneficially Owned by Each Reporting Person
With: | Sole Voting Power 15,145,908 common shares |
| --- | --- |
| 6 | Shared Voting Power Not
applicable. |
| 7 | Sole Dispositive Power 15,145,908 common shares |
| 8 | Shared Dispositive Power Not applicable. |

| 9 | Aggregate Amount Beneficially Owned by Each
Reporting Person 15,145,908 common shares |
| --- | --- |
| 10 | Check box if the aggregate amount in row (9)
excludes certain shares (See Instructions) [ ] |
| 11 | Percent of class represented by amount in
row (9) 11.8% (based on 120,788,047 common shares of the
Issuer issued and outstanding as of May 31, 2007). |
| 12 | Type of Reporting Person (See
Instructions) CO |

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Item 1.

(a)	Name of Issuer:
	Continental Minerals Corporation, a British Columbia
corporation (the "Issuer").
(b)	Address of Issuer’s Principal Executive
Offices:
	Continental Minerals Corporation 800 West Pender
Street, Suite 1020 Vancouver, British Columbia V6C 2V6
Canada

Item 2.

(a)	Name of Person Filing:
	This Statement is filed by Taseko Mines Limited (“Taseko”
or the “Reporting Person”).
(b)	Address of Principal Business Office:
	The address of the principal business of Taseko is 800
West Pender Street, Suite 1020 Vancouver, British Columbia, Canada V6C 2V6
.
(c)	Citizenship:
	Taseko is incorporated under the laws of British
Columbia, Canada.
(d)	Title and Class of Securities:
	Common Shares, no par value.
(e)	CUSIP No.:
	66510M

Item 3. If this statement is filed pursuant to §§ 240.13d -1(b) or 240.13d -2(b) or (c), check whether the person filing is a:

| (a) | [] | Broker or dealer registered under
section 15 of the Act (15 U.S.C. 78o). |
| --- | --- | --- |
| (b) | [] | Bank as defined in section
3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) | [] | Insurance company as defined in
section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) | [] | Investment company registered
under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | [] | An investment adviser in
accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | [] | An employee benefit plan or
endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F); |

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| (g) | [] | A parent holding company or control person in accordance
with §240.13d-1(b)(1)(ii)(G); |
| --- | --- | --- |
| (h) | [] | A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | [] | A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3): |
| (j) | [] | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |

Not applicable.

Item 4. Ownership

(a)	Amount Beneficially Owned:
	Taseko beneficially owns 15,145,908 common shares of the
Issuer. Beneficial ownership is comprised of 7,827,726 shares of the
Issuer held directly and 7,318,182 shares of the Issuer issuable upon
exercise of the warrants held by Taseko. Each warrant entitles Taseko to
purchase one additional common share of the Issuer at a price of CDN$1.80
per share until February 20, 2008.
	Beneficial ownership is calculated in accordance with
Rule 13d-3 of the Securities Exchange Act of 1934. Under Rule 13d-3, a
beneficial owner of a security includes any person who, directly or
indirectly, through any contract, arrangement, understanding,
relationship, or otherwise has or shares: (i) voting power, which includes
the power to vote, or to direct the voting of shares; and (ii) investment
power, which includes the power to dispose or direct the disposition of
shares. Certain shares may be deemed to be beneficially owned by more than
one person (if, for example, persons share the power to vote or the power
to dispose of the shares). In addition, shares are deemed to be
beneficially owned by a person if the person has the right to acquire the
shares (for example, upon exercise of an option) within 60 days of the
date as of which the information is provided. In computing the percentage
ownership of any person, the amount of shares outstanding is deemed to
include the amount of shares beneficially owned by such person (and only
such person) by reason of these acquisition rights. As a result, the
percentage of outstanding shares of any person as shown does not
necessarily reflect the person’s actual ownership or voting power with
respect to the number of shares of common stock actually outstanding as of
the date indicated.
(b)	Percent of Class:
	The 15,145,908 common shares of the Issuer beneficially
owned by Taseko represent approximately 11.8% of the Issuer’s common
shares, based upon 120,788,047 common shares of the Issuer outstanding as
at May 31, 2007 and as calculated in accordance with Rule 13d-3 of the Securities Exchange Act of 1934 .
(c)	Power to Vote and Power to Dispose:
	Taseko has the sole direct power to vote and direct the
disposition of all shares of the Issuer beneficially owned by
Taseko.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

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Item 6. Ownership of more than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.

Not applicable.

Item 8. Identification and classification of members of the group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: June 28, 2007

TASEKO MINES LIMITED by its authorized signatory:

/s/ Russell E. Hallbauer _________

Name: Russell E. Hallbauer

Title: President and CEO

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

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