pcNewsWire – Tesoro Minerals Corp. (TSX-V: TES) intends to complete a non-brokered private placement of 7,000,000 common shares at $0.05 per share for gross proceeds of $350,000.
Proceeds will be used by Tesoro for general working capital and operating expenses to support business efforts.
News Release
Tesoro Minerals Announces $350,000 Private Placement
June 21, 2017 (TSX Venture: TES) – Tesoro Minerals Corp.., (“Tesoro” or the “Company”) is pleased to announce that the Company intends to complete a non-brokered private placement to raise up to $350,000 by the issuance of 7,000,000 common shares in the capital of the Company (“Shares”) at $0.05 per Share. The Company will pay finder’s fees in respect of subscriptions from investors introduced by finders. The finder’s fee will be payable by the issuance of that number of Shares equal to 6% of the number of Shares issued pursuant to such subscriptions.
Tesoro plans to close the Private Placement on or before July 14, 2017. The private placement is subject to all applicable regulatory approvals. The Shares will also be subject to a four month restricted resale period in Canada and any applicable securities legislation hold periods outside of Canada. The proceeds of the offering will be used by Tesoro for general working capital and operating expenses to support business efforts.
About Tesoro
The Company has assembled a team of experienced geoscientists with extensive exploration experience in the Americas with the aim of acquiring other assets. For further information on the Company please contact Peter Tegart, President & CEO at peter.tegart@gmail.co or at (604) 349-1244.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
