TORONTO, ONTARIO--(Marketwire - July 10, 2012) - During the period of May 11, 2011 to March 26, 2012 Zoran Arandjelovic completed open market purchases through the facilities of the TSX Venture Exchange to acquire beneficial ownership of 110,558 Common Shares ("Common Shares") in the capital of Tawsho Mining Inc.("Tawsho") (TSX VENTURE:TAW), representing approximately 0.4% of the issued and outstanding Common Shares as at July 5, 2011.
As of July 5, 2012 Zoran Arandjelovic acquired beneficial ownership of 1,049,500 units ('Units") in the capital of Tawsho through a private placement offering as announced in Tawsho's press release dated May 17, 2012. Each Unit consisted of one Common Share and one Common Share purchase warrant ("Warrants"), and were purchased at a price of $0.25 per Unit. Each Warrant entitles Mr. Arandjelovic to acquire one Common Share for a period of two years. The 1,049,500 Common Shares forming part of the Units acquired represent approximately 4.2% of the issued and outstanding Common Shares as at July 5, 2012.
Collectively, Mr. Arandjelovic has purchased 1,160,058 Common Shares at an average price of $0.2561 per Common Shares. As a result, Mr. Arandjelovic currently holds 8,389,493 Common Shares, representing approximately 33.2% of the issued and outstanding Common Shares (or 10,473,993 Common Shares representing approximately 38.3% 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.