Tesoro Minerals closes private placement for C$1 million

Tesoro Minerals Corp. (TSXV:TES) has successfully closed a private placement for C$1 million, issuing 10 million common shares at C$0.10 per share. The offering, initially announced on September 3, 2026, saw an increase in the target from C$600,000 to C$750,000 and finally to C$1 million later that day. The funds raised will be allocated towards advancing the Rumichaca and Cerro Macho properties in Peru, with a focus on fieldwork, data compilation, geological mapping, sampling, and geophysical surveys.

The company also used the proceeds to support community engagement initiatives and working capital. Two insiders acquired 150,000 shares for C$15,000 as part of the offering, which is exempt from formal valuation and minority shareholder approval requirements. All shares are subject to a four-month and one-day hold period.

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