CAPITAL MARKETS

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.

 Tesoro's El Zorro, Chile

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.  El Zorro gold mineralisation has been...

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