(Not for distribution to United States newswire services or for dissemination in the United States of America)
March 28, 2024 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that the private placement offering, initially disclosed on February 21, 2024 (the "Offering"), has been oversubscribed. In response to the demand, the Company has decided to upsize the Offering. The Offering closed today consisting of the sale of 12,645,000 common shares (each a “Share”) at a price of $0.025 per Share, raising aggregate gross proceeds of $316,125.00, all in Canadian dollars (CAD$).
In connection with the Offering, the Company paid a 6% cash finder’s fee in the amount of $18,967.50 to Haywood Securities Inc. in respect of subscribers introduced to the Company.