|By Marketwired .||
|April 29, 2014 04:31 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/29/14 -- Tawsho Mining Inc. (TSX VENTURE: TAW) ("Tawsho" or the "Corporation") is pleased to provide an exploration update for its Cabot Graphite Property and details on the completion of financing.
Tawsho has accepted a Metallurgical Operations Proposal from SGS Canada Inc. ("SGS") to evaluate graphite samples from the Cabot Graphite Property located 10 km north of Baie Verte in Newfoundland. The study will determine the purity, grade and flake size distribution from a composite graphite sample taken from the previous drill program. The study is expected to be completed by June 2014.
Tawsho has engaged the geological services of Caracle Creek International Consulting Inc. ("Caracle Creek") to complete the sampling program on the four previously drilled holes at the Cabot Graphite Property (see news release dated November 12, 2013, for original results). Caracle Creek has taken 240 additional samples to be assayed and integrated with the previous assay results. Caracle Creek also noted that drillholes CB13-03 and CB13-04 ended in graphite indicating that the thickness of the zone may be greater than was originally thought. Caracle Creek has also taken a representative composite sample of the graphite for the SGS metallurgical study.
Tawsho is also pleased to announce that it has completed its non-brokered private placement offering to arm's-length and non-arm's-length parties (the "Offering"), as announced in a previous news release dated April 4, 2014. The Corporation issued 625,000 hard dollar units ("HD Units") at a price of $0.08 per HD Unit for proceeds of $50,000 and 1,666,700 flow-through units ("FT Units") at a price of $0.09 per FT Unit, for proceeds of $150,003, for total gross proceeds of $200,003. Tawsho has 31,543,549 common shares issued and outstanding following completion of this private placement.
In the Corporation's news release dated April 4, 2014, the number of issued and outstanding common shares was incorrectly stated to be 25,251,849, when it should have stated 29,251,849, which was the number of common shares issued and outstanding prior to completion of this financing.
Each HD unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share of Tawsho at a price of $0.12 per share until April 29, 2016. Each FT unit consists of one flow-through common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of Tawsho at a price of $0.12 per share until April for a period of two years from the date of issuance. All securities issued pursuant to the Offering are subject to a hold period of four months and one day which expires August 30, 2014, in accordance with applicable securities regulatory and TSX Venture Exchange requirements.
Insiders of the Corporation subscribed for 74.5% of the Offering. No finder's fees were paid by the Corporation in respect of the Offering.
Stephen Balch (P.Geo.), President & CEO of Tawsho Mining Inc., is a Qualified Person under the definition of National Instrument 43-101 and has reviewed and approved the technical content in this press release.
ABOUT TAWSHO MINING INC.
Tawsho is a mining exploration company focused on the acquisition, exploration and development of gold resources and advanced stage gold exploration Properties. The Corporation is presently developing its Cabot Graphite Property (comprised of 102 claims covering and area of 2,550Ha or 25.5sq. km) both located in Baie Verte Peninsula, Newfoundland and its Chevrier Gold Property (comprised of 557 claims, covering an area of 9542 hectares, or 95.4 sq. km) located in the Chibougamau region of Quebec. Tawsho currently has approximately 31,543,549 common shares issued and outstanding.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as a term that is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Tawsho Mining Inc.
Mr. Stephen Balch
President & CEO
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Sep. 3, 2015 10:00 AM EDT Reads: 277
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Sep. 3, 2015 10:00 AM EDT Reads: 1,595
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Sep. 3, 2015 10:00 AM EDT Reads: 446
Sep. 3, 2015 10:00 AM EDT Reads: 102
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Sep. 3, 2015 09:30 AM EDT Reads: 233
Sep. 3, 2015 09:30 AM EDT
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 3, 2015 09:30 AM EDT Reads: 647
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Sep. 3, 2015 09:30 AM EDT Reads: 278
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Sep. 3, 2015 09:30 AM EDT Reads: 199
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Sep. 3, 2015 09:30 AM EDT Reads: 206
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Sep. 3, 2015 09:00 AM EDT Reads: 844
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Sep. 3, 2015 09:00 AM EDT Reads: 124
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Sep. 3, 2015 09:00 AM EDT Reads: 1,622
Sep. 3, 2015 09:00 AM EDT
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
Sep. 3, 2015 08:30 AM EDT Reads: 313