News

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May 29, 2023 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that the private placement offering, initially disclosed on May 5, 2023 (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 12,000,000 Shares at a price of $0.025 per share, raising aggregate gross proceeds of $300,000.00, all in Canadian dollars (CAD$).

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May 5, 2023 (TSX Venture: TES) – Due to current market conditions, Tesoro Minerals Corp., (“Tesoro” or the “Company”) has re-priced the non-brokered private placement offering (the “Offering”) previously announced on April 5, 2023. With the adjustment, the Company intends to now issue up to 10,000,000 common shares at a price of $0.025 for aggregate gross proceeds of approximately C$250,000.00.

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April 5, 2023 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce a non-brokered private placement offering (the “Offering”) of up to 7,142,857 common shares at a price of $0.035 for aggregate gross proceeds of C$250,000.00.

August 20, 2021 (TSX Venture: “TES”) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement financing (the “Private Placement”) raising aggregate gross proceeds of $250,000 by the issuance of 5,000,000 units (a “Unit”) at $0.05 per Unit (all dollar amounts in CAD$). Each Unit consists of one common share (a "Share") and one transferable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.10 per Share for a period of two years from the date hereof.

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2021) - Tesoro Minerals Corp., (TSXV: TES) ("Tesoro" or the "Company") is pleased to announce it intends to complete a non-brokered private placement (the "Private Placement") for gross proceeds of up to $250,000 through the sale of up to 5,000,000 units (the "Units") at a price of $0.05 per Unit (all dollar amounts in Canadian dollars). Each Unit will consist of one common share (a "Share") and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.10 per Share for a period of two years from the closing date. The Shares, Warrants and any Shares issued on the exercise of the Warrants, will be subject to a four month restricted resale period in accordance with the policies of the TSX Venture Exchange ("TSXV") and applicable securities laws.

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2021) - Tesoro Minerals Corp (TSXV: TES) ("Tesoro" or the "Corporation"), announces that its Board of Directors has accepted the resignation of Mr. Peter Tegart as President, Chief Executive Officer and a Director of the Corporation. Mr. Tegart has decided to pursue other opportunities and the Board wishes him well with his future endeavours. In light of Mr. Tegart's resignation, the Board has appointed Mr. Scott McLean, P.Geo., FGC as Interim Chief Executive Officer. Mr. McLean will oversee the Corporation and be responsible for the day-to-day operations of Tesoro's business until such time as a new President and CEO is appointed. Mr. McLean has been with Tesoro for a number of years as a member of the Board of Directors of the Corporation.

January 22, 2021 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) announces that the Peruvian government has passed Supreme Decree 001-2021-EM which repeals the previously published Supreme Decrees 027-2020-EM and 028-2020-EM (the “Supreme Decrees”), which gave the Company’s Peruvian subsidiary the right to acquire and hold mineral rights on 21 mineral concessions located in the department of Piura, with effect as of January 20, 2020. According to Supreme Decree 001-2021-EM, the Supreme Decrees have been repealed after a re-evaluation of the socio-economic situation in the district of Tambo Grande, located in the department of Piura.

December 10, 2020 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that, on December 8, 2020, the Peruvian Ministry of Energy of Mines published Supreme Decrees 027-2020-EM and 028-2020-EM (the “Supreme Decrees”), pursuant to which Nuevo Arcoiris S.A.C, the Company’s Peruvian subsidiary, as a foreign investor, has been granted authorization, subject to the fulfilment of certain regulatory conditions further described below, to acquire and hold mineral rights and other related rights, including surface rights, water rights and other rights necessary to conduct exploration and further exploitation activities, on 21 mineral rights located in the department of Piura and which are situated within 50 km of Peru’s national border with Ecuador.

June 11, 2019 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that, effective immediately, Gail Moa has been appointed as the Company’s new Corporate Secretary. Gail Moa has participated in the management of resource businesses since 1983 and currently operates MY Vancouver Office which assists clients, including junior public issuers, with operational and compliance functions.

February 5, 2019 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement financing (the “Private Placement”) raising aggregate gross proceeds of $265,500 by the issuance of 5,310,000 units at $0.05 per unit (all dollar amounts in CAD$). Each Unit consists of one common share (a "Share") and one transferable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.10 per Share for a period of two years from the date hereof.

January 7, 2019 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce it intends to complete a non-brokered private placement (the “Private Placement”) for gross proceeds of up to $300,000 through the sale of 6,000,000 units (the "Units") at a price of $0.05 per Unit (all dollar amounts in CAD$). Each Unit will consist of one common share (a "Share") and one transferrable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.10 per Share for a period of two years from the Closing Date (as herein defined). The Shares, Warrants and any Shares issued on the exercise of the Warrants, will be subject to a four month restricted resale period in accordance with the policies of the TSX Venture Exchange (“TSXV”) and applicable securities laws.

May 14, 2018 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that, effective immediately, Michael Malana has been appointed as the Company’s new Corporate Secretary. Mr. Malana, CPA, CMA, has over 10 years of compliance experience within the mining industry including serving in a variety of executive and senior roles for several public companies.

May 11, 2018 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement financing (the “Private Placement”) raising aggregate gross proceeds of $336,000 by the issuance of 5,600,000 units at $0.06 per unit (all dollar amounts in CAD$). Each Unit consists of one common share (a "Share") and one transferable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.12 per Share for a period of two years from the date hereof. Tesoro originally announced a private placement of $300,000, but agreed to increase the size of the financing due to investor demand.

March 27, 2018 (TSX Venture: TES) – Tesoro Minerals Corp., (“Tesoro” or the “Company”) is pleased to announce it intends to complete a non-brokered private placement (the “Private Placement”) for gross proceeds of up to $300,000 through the sale of 5,000,000 units (the "Units") at a price of $0.06 per Unit (all dollar amounts in CAD$). Each Unit will consist of one common share (a "Share") and one transferable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.12 per Share for a period of two years from the Closing Date (as herein defined). The Shares, Warrants and any Shares issued on the exercise of the Warrants, will be subject to a four month restricted resale period in accordance with the policies of the TSX Venture Exchange (“TSXV”) and applicable securities laws.