- Tesoro Minerals (TES) intends to complete a non-brokered private placement for gross proceeds of up to $250,000
- The company will issue up to 5,000,000 units at a price of $0.05 per unit
- The net proceeds of the offering will be used for general working capital and operating expenses
- Tesoro Minerals Corp is a Canadian mineral exploration company with mineral property claims located in Colombia
- Tesoro Minerals Corp. (TES) opened trading at C$0.05 per share
Tesoro Minerals (TES) intends to complete a non-brokered private placement for gross proceeds of up to $250,000.
The company will issue up to 5,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of $0.10 for a period of two years from the closing date.
The shares and warrants issued will be subject to a four-month restricted resale period.
A finder’s fee may be paid on a portion of the placement in accordance with TSXV policies. Closing of the offering is subject to TSXV approval.
The net proceeds of the offering will be used for general working capital and operating expenses.
Tesoro Minerals Corp is a Canadian mineral exploration company engaged in the exploration of resource properties. The company’s projects include the Tolimo and Quindio, Arboledas Gold Project and Surata Gold Project mineral property claims located in Colombia.
Tesoro Minerals Corp. (TES) opened trading at C$0.05 per share.