Tesoro Minerals raises C$1M in private placement for Peru exploration

Tesoro Minerals Corp., a junior exploration company specializing in precious and base metal projects in Peru, has increased its private placement to C$1 million in gross proceeds, following an earlier announcement of C$600,000 on September 3. The offering now includes up to 10 million common shares at C$0.10 per share, reflecting investor interest that earlier pushed the gross proceeds to C$750,000 before the final C$1 million target was reached. A finder’s fee of up to 6% of gross proceeds may be payable to certain purchasers, subject to TSX Venture Exchange policies and securities regulations.