Tesoro Minerals Corp. Announces Completion of $550,000 Oversubscribed Private Placement Financing
23.12.2016 | The Newswire
Vancouver, December 23, 2016 - Tesoro Minerals Corp. (The "Company" or "Tesoro") (TSX-V: TES) is pleased to announce that on December 22, 2016 it successfully closed its previously announced non-brokered private placement for aggregate proceeds of $550,000.00. The Company issued 11,000,000 common shares at a price of $0.05 per common share (the "Private Placement"). Tesoro originally announced a private placement of $350,000.00, but agreed to increase the size of the financing due to investor demand.The proceeds from the Private Placement will be used for general working capital.
All securities issued in connection with the Private Placement are subject to a four month hold period that will expire on April 23, 2017.
About Tesoro Minerals Corp.
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 contact Peter Tegart by email at peter.tegart@gmail.com.
On Behalf of Tesoro Minerals Corp.
"Peter Tegart"
Peter Tegart, President and CEO
For further information contact Peter Tegart by email at peter.tegart@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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email info@tesoromineralscorp.com
www.tesoromineralscorp.com