TORONTO, ONTARIO -- (Marketwired) -- 08/02/13 -- During the period of July 5, 2012 to August 2, 2013 Zoran Arandjelovic completed open market purchases through the facilities of the TSX Venture Exchange to acquire beneficial ownership of 25,000 Common Shares ("Common Shares") in the capital of Tawsho Mining Inc. ("Tawsho"), representing approximately 0.09% of the issued and outstanding Common Shares as at July 11, 2012.
As of August 2, 2013 Zoran Arandjelovic acquired beneficial ownership of 1,304,000 flow-through units ('Units") in the capital of Tawsho through a private placement offering as announced in Tawsho's press release dated June 18, 2013. Each Unit consisted of one flow-through Common Share and one half of a Common Share purchase warrant ("Warrants"), and was purchased at a price of $0.125 per Unit. Each full Warrant entitles Mr. Arandjelovic to acquire one Common Share for a period of two years. The 1,304,000 Common Shares forming part of the Units acquired represent approximately 5.2% of the issued and outstanding Common Shares as at July 11, 2012.
Collectively, Mr. Arandjelovic has purchased 1,329,000 Common Shares at an average price of $0.1260 per Common Share. As a result, Mr. Arandjelovic currently holds 9,718,493 Common Shares, representing approximately 38.5% of the issued and outstanding Common Shares (or 12,454,993 Common Shares representing approximately 44.5% of the issued and outstanding Common Shares assuming all the 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.
150 Jardin Dr. Suite 9
Concord, Ontario, L4K 3P9
(905) 669-8220 (FAX)