Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Tesoro Minerals ( (TSE:TES) ) is now available.
Tesoro Minerals has closed an oversubscribed non-brokered private placement, increasing the size of the financing to issue 7,112,500 common shares at $0.08 each for gross proceeds of $569,000, and paying a 6% cash finder’s fee to Haywood Securities. The funds will support advancing the Rumichacha and Cerro Macho projects in Peru through early-stage fieldwork and geophysical surveys, as well as community engagement and general working capital, while insider participation—structured under exemptions to related-party transaction rules—signals management’s confidence in the company’s strategy and strengthens its financial position for ongoing exploration.
More about Tesoro Minerals
Tesoro Minerals Corp. (TSX-V: TES) is a junior mineral exploration company focused on discovering and advancing high-quality precious and base metal projects in Peru, leveraging strong local expertise and a disciplined, value-accretive approach to project acquisition and exploration.
Average Trading Volume: 38,361
Technical Sentiment Signal: Hold
Current Market Cap: C$3.13M
For a thorough assessment of TES stock, go to TipRanks’ Stock Analysis page.