Tesoro Minerals Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on August 6, 2021. Each unit will consists of one common share and one transferrable common share purchase warrant. Each warrant entitles the holder to purchase one additional common shares at a price of CAD 0.10 per share for a period of two years from the closing date. The securities to be issued will have a hold period of four months. Closing of the transaction is subject to certain customary conditions, including the receipt of TSX Venture Exchange approval. The company may pay finders fees.