New Issue: Tawsho sells C$2.5 million of units, shares in private placement

By Devika Patel

Knoxville, Tenn., July 23 - Tawsho Mining Inc. said it took in C$2.5 million from a non-brokered private placement of its units and shares.

The company sold 1,739,130 flow-through common shares at C$1.15 apiece for C$2 million and 500,000 units at C$1.00 per unit for C$500,000.

Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$1.25 for two years.

Tawsho, formerly Jardincap Inc., is a capital pool company based in Concord, Ont.

Issuer:	Tawsho Mining Inc.
Issue:	Flow-through common shares, units of one common share and one half-share warrant
Amount:	C$2.5 million
Agent:	Non-brokered
Settlement date:	July 23
Stock symbol:	TSX Venture: JAR.P
Stock price:	C$0.20 at close July 22
Shares
Amount:	C$1,999,999.50
Shares:	1,739,130
Price:	C$1.15
Warrants:	No
Units
Amount:	C$500,000
Units:	500,000
Price:	C$1.00
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$1.25

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