Gold Fields backing Tesoro's multi-million ounce ambitions

MULTINATIONAL gold mining major Gold Fields is taking an equity stake in Chile explorer Tesoro.

 Gold Fields backing Tesoro's multi-million ounce ambitions  Gold Fields backing Tesoro's multi-million ounce ambitions  Gold Fields backing Tesoro's multi-million ounce ambitions  Gold Fields backing Tesoro's multi-million ounce ambitions  Gold Fields backing Tesoro's multi-million ounce ambitions

The ASX-listed junior is raising A$8 million by issuing new shares priced at 3.5c, with Gold Fields to subscribe for $4.2 million of stock and sub-underwrite $3.4 million of an underwritten $3.

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