Shaw and Partners appointed as Lead Manager to the proposed $5.0 million capital raising by Tesoro Gold News09 Jun 2022

Shaw and Partners has been appointed as Lead Manager to the proposed A$5.0 million capital raising by Tesoro Gold Limited (ASX.TSO)

 

The Company is seeking to raise approximately A$5.0 million by issuing approximately 83.3 million new ordinary fully paid shares issued at $0.06 per share by way of a single tranche institutional placement.

 

The company reserves the right to take up to A$2.0m in oversubscriptions subject to demand. 

 

Tesoro Gold Limited (Tesoro Gold or TSO) is headquartered in Perth, and was established with a strategy of acquiring, exploring, and developing mining projects in the Coastal Cordillera region of Chile.  The Coastal Cordillera region is host to multiple world class copper and gold mines, has well established infrastructure, service providers and an experienced mining workforce. Large areas of the Coastal Cordillera remain unexplored due to the unconsolidated nature of mining concession ownership, but Tesoro, via its in-country network and experience has been able secure rights to a district scale gold project in-line with the Company’s strategy. Tesoro’s 95% owned Chilean subsidiary owns 85% of the El Zorro Gold Project.

 

The offer is available to Australian Sophisticated and Professional Investors only.

 

 

 

Related Articles
News15 Jun 2022 Shaw and Partners raises $106,000 for Multiple Sclerosis Ltd Queensland during the MS Brissie to the Bay
Congratulations to Rick Terpstra and the Shaw and Partners Brisbane office for raising a massive $106,000 for Multiple Sclerosis Ltd Queensland during the MS Brissie to the Bay bik... Read More
News10 Jun 2022 Shaw and Partners Global Equity Income SMA Portfolio launched in Australia
Shaw and Partners had the pleasure of hosting Schafer Cullen Capital Management Managing Director Jeff Cullen and EFG Asset Management (EFGAM) Global Head of Institutional Sales, D... Read More
News10 Jun 2022 Shaw and Partners Executive Conference held in Melbourne
It was fantastic to have the entire Shaw and Partners management team together in Melbourne last week for our EOFY Executive Conference.   The two-day session provided a great op... Read More
News08 Jun 2022 Shaw and Partners Race Team members Danielle McKenzie and Cory Hill win the Shaw and Partners Hells Gates 38
Congratulations to Shaw and Partners Race Team members Danielle Mckenzie and Cory Hill for taking out first place in their respective categories in the Shaw and Partners Hells Gate... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%