Tesoro Minerals Announces $350,000 Private Placement
TESORO MINERALS CORP.
Suite 915, 700 West Pender Street
Vancouver, British Columbia
Canada V6C 1G8
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 Plac ement 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 [email protected] 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.
-30-