Zoran Arandjelovic

May 13, 2015 16:55 ET

Zoran Arandjelovic Announces Acquisition of Common Shares of Tawsho Mining Inc.

TORONTO, ONTARIO--(Marketwired - May 13, 2015) - As of May 11, 2015, Zoran Arandjelovic acquired beneficial ownership of 2,400,000 units ('Units") in the capital of Tawsho Mining Inc. ("Tawsho"), through a private placement offering as announced in Tawsho's press release dated May 12, 2015 representing approximately 6.91% of the issued and outstanding common shares ("Common Shares") as at May 11, 2015. Each Unit consisted of one common share ("Common Shares") and one common share purchase warrant ("Warrants"), and were purchased at a price of $0.09 per Unit. Each Warrant entitles Mr. Arandjelovic to acquire one Common Share at a price of $0.05 per share for a period of two years from the date of issuance.

On May 6, 2014 Mr. Arandjelovic purchased 3,000 common shares on the open market at a price of $0.085 per share.

As a result, Mr. Arandjelovic currently holds 13,454,843 Common Shares, representing approximately 38.73% of the issued and outstanding common shares as at May 11, 2015 (or 19,000,193 common shares representing approximately 48.77% 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 the person below.

Contact Information

  • Zoran Arandjelovic
    150 Jardin Dr. Suite 9
    Concord, Ontario, L4K 3P9
    (905) 760-7760
    (905) 669-8220 (FAX)