Tesoro Minerals Secures Oversubscribed Funding

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

Tesoro Minerals Corp. successfully completed an oversubscribed private placement, raising CAD$316,125 by selling 12,645,000 common shares at CAD$0.025 each. Proceeds are earmarked for general working capital, operating expenses, and annual concession fees in Peru, ensuring no funds are directed towards Investor Relations or payments to related parties. The raised capital signifies investor confidence and positions Tesoro for further growth in their exploration endeavors.

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