Mr. Scott McLean
reports
TESORO MINERALS ANNOUNCES A $300,000 PRIVATE PLACEMENT
Tesoro Minerals Corp. intends to complete a non-brokered
private placement for gross proceeds of up to $300,000 through the
sale of up to 15 million common shares at a price of two cents per share. The shares will be subject to a four-month restricted resale
period in accordance with the policies of the TSX Venture Exchange and applicable
securities laws.
Finders' fees may be payable in cash of up to 6 per cent of the proceeds of the private placement in
accordance with TSX-V policies.
Closing of the private placement is subject to certain customary conditions, including the receipt
of TSX-V approval. The net proceeds of the offering are expected to be used by Tesoro for
general working capital and operating expenses to support business efforts.
About Tesoro Minerals Corp.
The company has assembled a team of experienced geoscientists with extensive exploration
experience in the Americas to acquire further assets.
We seek Safe Harbor.
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