Vancouver, BC / ACCESSWIRE / June 12, 2014 / Tesoro Minerals Corp. (the "Company") (TSX-V: TES) is pleased to announce that the TSX Venture Exchange ("TSXV") has approved the Company's application to settle an aggregate of $441,741.91 of indebtedness owed to six creditors of the Company for services provided by the creditors to the Company through the issuance of an aggregate of 4,005,264 common shares ("Shares") at a deemed price of $0.10 per Share. The Shares were issued on June 11, 2014. All Shares issued in connection with the shares for debt transaction are subject to a four-month statutory hold period.
About Tesoro Minerals Corp.
Tesoro Minerals Corp. is a mineral exploration company with major land positions in three of Colombia's gold regions including Antioquia, Tolima-Quindio, and Santander-Norte de Santander. The Company shares trade on the TSX Venture Exchange under the symbol TES.
On Behalf of Tesoro Minerals Corp.
Peter Tegart, President and CEO
For further information contact Peter Tegart by email at [email protected] or 604-349-1244.
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.
This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
SOURCE: Tesoro Minerals Corp.