Tesoro Minerals Announces $350,000 Private Placement
Vancouver, June 21, 2017 - Tesoro Minerals Corp. ("Tesoro" or the "Company") (TSX Venture: TES) 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
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