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.
Suite 2000 | 1066 West Hastings Street Vancouver | V6E 3X2 | Canada Tel +1 604 352 0699 | Cel +1 604 306 0252 email info@tesoromineralscorp.com www.tesoromineralscorp.com
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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.
