Cash raised for Tesoro's El Zorro drilling

DOWN to its last million or so, Tesoro Resources has launched a circa-A$6 million capital raising ahead of drilling next month and a gold resource estimate later in the year for its El Zorro project in Chile.

Cash raised for Tesoro's El Zorro drilling Cash raised for Tesoro's El Zorro drilling Cash raised for Tesoro's El Zorro drilling Cash raised for Tesoro's El Zorro drilling Cash raised for Tesoro's El Zorro drilling

Tesoro's El Zorro, Chile

The fundraising comprises a $3.2 million placement to undisclosed investors and a $2.7 million entitlement offer, with new shares being priced at 6c each.

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