- Tesoro Gold (TSO) enters into a trading halt while it finalises the launch of a capital raise
- The company will remain in the halt until Friday, November 18, or until it releases further details about the raise — whichever occurs first
- Tesoro is yet to disclose how much it intends to raise or for what it will use the money once received
- Shares in Tesoro last traded at 3.7 cents on November 15
Tesoro Gold (TSO) has entered into a trading halt while it finalises the launch of a capital raise.
The company will remain in the halt until Friday, November 18, or until it releases further details about the raise — whichever occurs first.
Tesoro is yet to disclose how much it intends to raise or for what it will use the money once received.
In November, the company received assay results from extensional and infill drilling completed at the Ternera gold deposit within its El Zorro gold project in Chile.
The company received assays for seven holes, which have all returned “significant” intercepts of gold mineralisation.
Based on the assays, Tesoro believed there’s potential to increase the 1.1-million-ounce MRE 200 metres south.
Shares in Tesoro last traded at 3.7 cents on November 15.