Tawsho Mining Inc. Announces Proposed Private Placement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/28/15 -- Tawsho Mining Inc. (TSX VENTURE: TAW) ("Tawsho" or the "Corporation") announces a non-brokered private placement offering of units to arm's-length and non-arm's-length parties (the "Offering"). As of this date, it is anticipated that insiders of the Corporation will subscribe for more than 25% of the Offering.
Tawsho intends to issue up to 4,000,000 units ("Units") at a price of $0.025 per unit, for total gross proceeds of $100,000. Each Unit will consist of one common share and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share of Tawsho at a price of $0.05 per share for a period of two years from the date of issuance.
The Offering is subject to the final acceptance of the TSX Venture Exchange. The Corporation may pay finder's fees in cash and/or securities of the Corporation in respect of the Offering to eligible arm's length finders. All securities issued to subscribers and finders under the Offering will be subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The proceeds of the Offering will be used for payment of the following current and future estimated expenses:
Tawsho intends to cover it anticipated working capital requirements for the near term and will continue to seek out opportunities for expansion of its business activities. It is expected that the Corporation may need to raise additional funds depending on the nature of any potential transaction it may consider in the future.
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 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 31.5 million 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.
Contacts:
Tawsho Mining Inc.
Mr. Stephen Balch
President & CEO
(905) 407-9586
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Datum: 28.04.2015 - 16:39 Uhr
Sprache: Deutsch
News-ID 389144
Anzahl Zeichen: 2680
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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