https://www.miningweekly.com
Exploration|Gold|PROJECT|Resources
Exploration|Gold|PROJECT|Resources
exploration|gold|project|resources

Tesoro SPP exceeds plans

13th January 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Tesoro Resources on Wednesday revealed that its December share purchase plan (SPP) had closed significantly oversubscribed, with the company receiving valid applications for some A$4.5-million worth of shares.

The applications received exceeded the A$3-million target set by the SPP, Tesoro said.

Tesoro will now conduct a pro-rata scale back of the applications received in excess of the A$3-million target, with eligible shareholders receiving some 66% of the more than 16.8-million shares subscribed for.

The company told shareholders on Wednesday that it was now well funded to carry out its planned exploration and development programmes at its El Zorro gold project, in Chile, and currently had four diamond drill rigs on site to define the Ternera gold deposit.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.169s - 107pq - 2rq
Subscribe Now