Calgary, Alberta – Monday, January 16, 2013 – Management of Tashota Resources Inc. ("TRI") is pleased to announce that it is extending the warrant exercise date of its recently announced private placement of Flow-Through Share Units.
Originally announced on December 12, 2012, TRI is raising up to $400,000 by way of a private placement offering of up to 2 million Flow-Through Units to Accredited Investors in qualifying jurisdictions across Canada. The proceeds from the issuance will be used to fund Canadian Exploration Expenses (“CEE”) on TRI’s existing properties and other Canadian properties acquired by the Company.
Each Flow-Through unit is priced at $.20 and is comprised of a common share and a common share purchase warrant. The warrant exercise price is set at $.25 and was originally set to expire on March 29, 2013. This exercise date has now been extended until June 28, 2013.
Securities issued under the private placement will be subject to a hold period from the date of issuance in accordance with securities laws in the qualifying jurisdictions and other terms and conditions as delineated in the Company’s term sheet and subscription agreement. Both the term sheet and the subscription may be obtained directly from the company.
About Tashota Resources Inc.
Tashota Resources Inc. ("TRI") is a Canadian based mineral resources Exploration Company focusing on discovering and developing gold, silver and copper properties in Canada and other jurisdictions. TRI acts either independently or as a joint venture partner to fund and execute exploration work programs on advanced-stage exploration properties where a resource may require further delineation and validation. TRI has an experienced team of professionals in place to carry out the financing and completion of its exploration programs. TRI is focused on providing increased value to its shareholders and doing so in a socially and environmentally responsible manner.