(TheNewswire)
Vancouver, British Columbia / TheNewswire / December 5, 2016 - Tesoro Minerals Corp. (The "Company" or "Tesoro") (TSX-V: TES) is pleased to announce that the Company intends to complete a non-brokered private placement (the "Private Placement") to raise up to $350,000 through the issuance of up to 7,000,000 common shares at a price of $0.05 per common share (the "Offering").
Tesoro plans to close the Private Placement on or before December 15, 2016. The proceeds of the Private Placement will be used principally for general working capital and operating expenses of the Company.
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.
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.
This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements. 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.
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