|
CONCORD, ONTARIO--(Marketwired - April 15, 2013) - Tawsho Mining Inc. (TSX VENTURE:TAW) ("Tawsho" or the "Corporation") announces the issuance of common shares for debt pursuant to a mining interest option agreement. The payment terms under an Option Agreement with Rhino Exploration Ltd. ("Rhino") dated February 8, 2010, as amended (the "Option Agreement") pursuant to which Tawsho may acquire a 100% ownership interest of Rhino's Whisker Valley claims, located on Baie Verte Peninsula, Newfoundland, require Tawsho to make a third anniversary cash payment of $100,000 in order to preserve its right to acquire the interest. Rhino and Tawsho have agreed to the issuance of common shares of the Corporation in lieu of this payment and, as a result, Tawsho has issued a total of 1,010,100 common shares at a deemed price of $0.099 per share. The Whisker Valley claims continue to be a focus of Tawsho's current exploration program and the Corporation looks forward to continuing its work in this area. |
