Tesoro Minerals Corp. (TSXV:TES) announced a non-brokered private placement of 6,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 300,000 on January 7, 2019. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.10 per share for a period of two years from the date of closing. The securities issued will be subject to a four month restricted resale period in accordance with the policies of the TSX Venture Exchange and applicable securities laws. A finder’s fee may be paid on a portion of the placement. The finder’s fee will be payable by the company either by issuance of shares equal to 6% of the number of units sold to investors introduced by the finders or by paying a cash fee equal to 6% of the gross proceeds raised from units sold to investors introduced by the finders. The closing of the transaction is expected to take place on or about January 31, 2019. The transaction is subject to certain customary conditions, including the receipt of TSXV approval.