On March 28, 2024, Tesoro Minerals Corp. closed the transaction. The company issued 12,645,000 shares at issue price CAD 0.025 for a gross proceeds CAD 316,125. In connection with the Offering, the Company paid a 6% cash finder?s fee in the amount of CAD 18,967.50 to Haywood Securities Inc. in respect of subscribers introduced to the Company. All securities issued under the Offering are subject to a four month and one-day restricted resale period expiring on July 29, 2024 in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
On April 2, 2024, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 27 placees.