$7.3 million capital raising to accelerate El Zorro

Tesoro Resources Limited (Tesoroorthe Company)(ASX: TSO) is pleased to announce it has received firm commitments for a Placement to raise approximately $4.3 million (before costs), and the Company intends to undertake a follow on SPP to raise a further $3 million (before costs), to raise a total of $7.3 million (before costs). Funds raised pursuant to the Placement and SPP will be used for Resourc