Tesoro Minerals Corp. Announces Shares for Debt Transaction
October 16 2013 - 1:11PM
Marketwired Canada
Tesoro Minerals Corp. (the "Company") (TSX VENTURE:TES) announces the completion
of the shares for debt transactions originally announced on July 26, 2013 and
September 4, 2013. The issuances have received approval from the TSX Venture
Exchange.
On October 4, 2013 the Company issued an aggregate of 749,863 common shares
("Shares") at a deemed price of $0.30 per Share to settle an aggregate debt of
$224,959. The aggregate debt represents outstanding amounts for services
provided by certain creditors to the Company as well an outstanding amount under
a loan advanced by a creditor to the Company. The Company chose to settle this
outstanding indebtedness with Shares as part of its plans to move the Company
forward and in order to preserve its potential funds for operations.
About Tesoro Minerals Corp.
Tesoro Minerals Corp. is a mineral exploration company with major land positions
in three of Colombia's most prolific gold regions including Antioquia,
Tolima-Quindio, and Santander-Norte de Santander. Tesoro shares trade on the TSX
Venture Exchange under the symbol TES.
On Behalf of Tesoro Minerals Corp.
Peter Tegart, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tesoro Minerals Corp.
Peter Tegart
President and CEO
ptegart.auro@gmail.com
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