|By Marketwired .||
|May 1, 2014 03:18 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/01/14 -- As of April 29, 2014, Zoran Arandjelovic acquired beneficial ownership of 1,333,350 flow through units ("FT Units") in the capital of Tawsho Mining Inc. ("Tawsho") (TSX VENTURE: TAW), through a private placement offering as announced in Tawsho's press release dated April 4, 2014 representing approximately 4.23 % of the issued and outstanding common shares ("Common Shares") as at April 29, 2014. Each Unit consisted of one flow-through common share ("FT Common Shares") and one common share purchase warrant ("Warrants"), and were purchased at a price of $0.09 per FT Unit. Each Warrant entitles Mr. Arandjelovic to acquire one Common Share at a price of $0.12 per share for a period of two years from the date of issuance.
As a result, Mr. Arandjelovic currently holds 11,051,843 Common Shares, representing approximately 35.04 % of the issued and outstanding common shares as at April 29, 2014 (or 15,246,693 common shares representing approximately 43.95% of the issued and outstanding common shares assuming all Warrants and stock options held by Mr. Arandjelovic are exercised).
There are no other persons acting jointly or in concert with Mr. Arandjelovic.
Mr. Arandjelovic effected the acquisition of common shares for investment purposes. Mr. Arandjelovic reserves the right to purchase additional securities of Tawsho or from time to time to dispose of any securities of Tawsho that he may own.
For additional information, or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact:
Zoran Arandjelovic 150 Jardin Dr. Suite 9 Concord, Ontario, L4K 3P9 Telephone: (905) 760-7760 Fax: (905) 669-8220
150 Jardin Dr. Suite 9
Concord, Ontario, L4K 3P9
(905) 669-8220 (FAX)
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