Tesoro Resources Limited (ASX: TSO, OTCQB: TSORF) has received a firm commitment to place 11,764,706 shares at $0.085 per share pursuant to the Share Purchase Plan (SPP) Prospectus dated October 27, 2021.
“We are pleased to welcome a Family Office from the United Kingdom as a new shareholder into our top 20 who clearly sees tremendous value in Tesoro and its flagship El Zorro Gold Project,” Tesoro Managing Director Zeff Reeves said.
“The company continues to rapidly advance the exciting El Zorro Gold Project and we thank all existing and new shareholders for their continued support”.
The company will apply for quotation and issue the Shares no later than March 6, 2022.
Tesoro Resources Limited was established with a strategy of acquiring, exploring, and developing mining projects in the Coastal Cordillera region of Chile. The Coastal Cordillera region is host to multiple world class copper and gold mines, has well established infrastructure, service providers and an experienced mining workforce.
Large areas of the Coastal Cordillera remain unexplored due to the unconsolidated nature of mining concession ownership, but Tesoro, via its in-country network and experience has been able secure rights to a district scale gold project in-line with the Company’s strategy.
Tesoro’s 95% owned Chilean Subsidiary owns 85% of the El Zorro Gold Project.
For further information please visit: https://www.tesororesources.com.au/
