Tesoro Resources Limited (ASX: TSO) has closed a Share Purchase Plan (SPP) under which each Eligible Shareholder was entitled to subscribe for up to A$30,000 worth of new fully paid ordinary shares (Shares) at an issue price of $0.085 per Share, without incurring brokerage or other transaction costs.
The company received valid applications for a total of 2,487,695 new Shares from Eligible Shareholders, totalling A$211,454.08 with new Shares.
These funds, together with the company’s existing cash reserves, ensure the company is well funded and is focussed on delivering an expanded Mineral Resource Estimate in early CY2022, to support a Scoping Study at the El Zorro Gold Project.
The vompany will apply for quotation and issue the Shares on 13 December 2021 and an updated holding statement will be dispatched to Shareholders as soon as practicable after that date. Shareholders should confirm their holding before trading in any shares believed to have been allocated to them under the SPP.
For further information please visit: https://www.tesororesources.com.au/
