TES Tesoro Minerals Corp

Tesoro Minerals Corp. (the "Company") (TSX VENTURE:TES) is pleased to announce
it has closed the third and final tranche (the "Third Tranche") of a
non-brokered private placement previously announced on November 25, 2013 (the
"Offering"). The Company had previously closed the first tranche of the Offering
(the "First Tranche") on December 17, 2013 by issuing 4,550,000 Units, and the
second tranche of the Offering (the "Second Tranche") on January 10, 2014 by
issuing 10,050,000 Units.


The Offering comprised 18,000,000 units ("Units") at a price of 0.10 per Unit
for gross proceeds of $1,800,000. Each Unit comprises one common share ("Common
Share") and one common share purchase warrant (the "Warrants"). Each Warrant
entitles the holder to purchase one additional Common Share at a price of $0.20
per Common Share for the first year from the date of issue, and at an additional
$0.05 per Common Share for each subsequent year until the expiry of the Warrants
five years after the date of issue.


The Third Tranche comprised 3,400,000 Units. The Company paid finder's fees for
part of the Third Tranche of 7% cash and 7% Broker Warrants for a total of
91,000 Broker Warrants. A total of 1,057,000 Broker Warrants have been paid in
connection with the Offering.


The Common Shares issued in the Third Tranche and the Common Shares to be issued
pursuant to the exercise of the Warrants and Broker Warrants are all subject to
a hold period expiring on May 18, 2014.


Completion of the Offering is subject to the final approval of the TSX Venture
Exchange.


The net proceeds from the Offering will be used for the further evaluation of
the Company's gold exploration projects in Colombia and for general corporate
purposes.


About Tesoro Minerals Corp.

Tesoro Minerals Corp. (TSX VENTURE:TES) is a mineral exploration company with
major land positions in three of Colombia's most prolific gold regions including
Antioquia, Tolima-Quindio, and Santander-Norte de Santander. The Company has
assembled a team of experienced geoscientists with extensive exploration
experience in the Americas with the aims of advancing its assets towards
discovery.


On Behalf of Tesoro Minerals Corp.

Peter Tegart, President and CEO

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tesoro Minerals Corp.
Peter Tegart
President and CEO
peter.tegart@gmail.com

Tesoro Minerals (TSXV:TES)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Tesoro Minerals (TSXV:TES)
Historical Stock Chart
Von Jun 2023 bis Jun 2024