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.
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 projects. The Corporation is presently developing its Whisker Valley Property (comprised of 764 claims, covering an area of 19,100 hectares, or 191 sq. km) and its Cabot Property (comprised of 102 claims covering and area of 2,550Ha or25.5sq. km) both located in Baie Verte Peninsula, Newfoundland and its Chevrier 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 26.7 Million shares 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.
