Tawsho Mining Inc. Announces Grant of Stock Options
25.04.2012 | Marketwire
TORONTO, April 25, 2012 - Tawsho Mining Inc. (TSX VENTURE: TAW) ("Company" or "Tawsho") announces today that it has granted 250,000 stock options to acquire common shares to two of the Company's directors. Mr. Gary Perkins, Tawsho's President & CEO and Mr. Gijsbert Groenewegen were each granted 200,000 and 50,000 options respectively.The 200,000 options granted to Mr. Perkins shall vest in full immediately when the share price for the Common Shares on the TSX Venture Exchange is trading at or above $1.50 per share for a period of 20 consecutive trading days during the 24 months following date of grant. The options are exercisable at any time until the close of business on April 24, 2017 and have an exercise price of $0.30 per share. The exercise price is based on the average closing price on the TSX Venture Exchange for the past 5 days of $0.30.
The 50,000 options granted to Mr. Groenewegen will vest immediately and are exercisable at any time until the close of business on April 24, 2017. The exercise price is based on the average closing price on the TSX Venture Exchange for the past 5 days of $0.30.
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 Chevrier project (comprised of 557 claims, covering an area of 9,542 hectares, or 95.4 sq. km) in the Chibougamau region of Quebec and its Whisker Valley project (comprised of 913 claims, covering an area of 21,875 hectares, or 218.8 sq. km) and the Cabot Property comprised of 100 claims, covering an area of 2,500 hectares, or 25 sq.km) in Baie Verte, Newfoundland.
Neither the TSX Venture Exchange nor its Regulations Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contact Information
Tawsho Mining Inc.
Mr. Gary Perkins, President and CEO
416 882-0020
garyperkins@tawshomining.com
www.tawshomining.com