Tesoro Minerals Completes Successful Oversubscribed Placement

Tesoro Minerals (TSE:TES) has released an update.

Tesoro Minerals Corp. successfully closed an oversubscribed private placement, raising $399,300 through the sale of 19,965,000 shares. The proceeds will be used for general working capital, operating expenses, and annual concession fees in Peru, highlighting insider confidence with significant participation in the placement.

For further insights into TSE:TES stock, check out TipRanks’ Stock Analysis page.