Tawsho Mining Announces Management Changes, Private Placement Financing

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Tawsho Mining Inc. (TAW.V) has appointed Stephen Balch (P.Geo.) as President and Chief Executive Officer of the Corporation. Balch has 28 years of experience as an exploration geophysicist and has been involved with public companies since 2004.

Joseph Feldman will resign as President and CEO but will remain as a director of the corporation.

Tawsho also announced a non-brokered private placement offering to arm's-length and non-arm's-length parties.

Tawsho intends to issue up to 1,600,000 flow-through units at $0.125 per unit, to raise gross proceeds of up to $200,000 and 1,000,000 hard dollar units at $0.10 per unit, to raise gross proceeds of $100,000 for total gross proceeds of up to $300,000.

The proceeds of the offering will be used for the exploration and development of Tawsho's graphite project in Newfoundland, the Chevrier gold project in Quebec, and for general working capital.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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