{"success":true,"data":{"pressRelease":{"id":"143108","rtpr_id":"nNFC25W7sN-20260914","ticker":"TES","exchange":"","all_tickers":["TES"],"title":"Tesoro Minerals Announces Upsizing of Private Placement to C$1 Million","author":"Newsfile Corp","published_at":"2026-09-14T20:30:19.670Z","article_body":"\"Not for distribution to United States newswire services or for dissemination\nin the United States.\"\n\nVancouver, British Columbia--(Newsfile Corp. - September 14, 2026) - Tesoro\nMinerals Corp. (TSXV: TES) (\"Tesoro\" or the \"Company\") is pleased to announce\nthat, in response to continued investor interest, it has further increased the\nsize of its previously announced non-brokered private placement (the \"Private\nPlacement\") to aggregate gross proceeds of up to C$1,000,000.\n\nThis marks the second increase in the size of the Private Placement, which was\noriginally announced on September 3, 2026,\n(https://api.newsfilecorp.com/redirect/24pxvSWrzo) for gross proceeds of up to\nC$600,000 and increased to C$750,000 in a news release issued earlier today\n(https://api.newsfilecorp.com/redirect/MqPWjFg1vK). Following additional\ninvestor interest, the Company has elected to further increase the offering.\n\nThe Private Placement will now consist of the sale of up to 10,000,000 common\nshares of the Company (the \"Shares\") at a price of C$0.10 per Share, for\naggregate gross proceeds of up to C$1,000,000. All other terms of the Private\nPlacement remain unchanged.\n\nA finder's fee may be payable in cash on a portion of the Private Placement of\nup to 6% of the gross proceeds raised from certain purchasers, in accordance\nwith the policies of the TSX Venture Exchange (\"TSXV\") and applicable\nsecurities laws.\n\nThe Company plans to use the net proceeds of the Private Placement to advance\nits Rumichaca and Cerro Macho properties in Peru.\n\nUse of Proceeds\n*\nRumichaca and Cerro Macho exploration: initial fieldwork, data compilation,\ngeological mapping and sampling, and IP ground geophysical surveys;\n*\nCommunity and social engagement: stakeholder and community engagement\nactivities associated with the Company's exploration programs; and\n*\nGeneral working capital and corporate purposes.\n\nThe Company confirms that none of the proceeds of the Private Placement will\nbe used for Investor Relations Activities, as such term is defined in the\npolicies of the TSXV, and no payments will be made to Non-Arm's Length Parties\nof the Company.\n\nThe Private Placement remains subject to certain customary closing conditions,\nincluding receipt of all necessary regulatory approvals, including TSXV\napproval. The Company may close the Private Placement in one or more tranches.\n\nAll Shares issued pursuant to the Private Placement will be subject to a\nfour-month and one-day hold period from the applicable date of issuance, in\naccordance with applicable Canadian securities laws and the policies of the\nTSXV.\n\nAbout Tesoro Minerals Corp.\n\nTesoro Minerals Corp. (TSXV: TES) is a junior exploration company focused on\nthe discovery and advancement of high-quality precious and base metal projects\nin Peru. The Company leverages strong in-country expertise and a disciplined,\nvalue-accretive approach to project acquisition and exploration.\n\nOn behalf of Tesoro Minerals Corp.\n\nScott McLean\nPresident and CEO\nTesoro Minerals Corp.\nTel: (705) 669-1777\nwww.tesorominerals.com\n\nCautionary Statement Regarding Forward-Looking Information\n\nThis news release contains \"forward-looking information\" within the meaning of\napplicable Canadian securities legislation. Forward-looking information\nincludes statements concerning the completion, timing and terms of the Private\nPlacement; the anticipated use of proceeds; the Company's exploration plans\nand activities at its Rumichaca and Cerro Macho properties; and the receipt of\nregulatory approvals.\n\nForward-looking information is based on the Company's current expectations,\nassumptions, estimates and beliefs and is subject to known and unknown risks\nand uncertainties. There can be no assurance that the Private Placement will\nbe completed on the terms described herein, or at all, or that the Company\nwill receive the anticipated proceeds. There can also be no assurance that the\nCompany's proposed exploration activities will proceed as planned or that such\nactivities will result in the discovery or advancement of mineral resources or\nmineral deposits.\n\nFactors that could cause actual results to differ materially from those\nexpressed or implied by such forward-looking information include, without\nlimitation, the Company's ability to complete the Private Placement; the\nreceipt of required regulatory approvals; changes in market conditions; the\navailability of capital; fluctuations in metal prices; exploration and\ndevelopment risks; uncertainties relating to geological information and\nexploration results; permitting and regulatory risks; community and social\nrelations; political, economic and legal conditions in Peru; competition; and\nother risks and uncertainties described from time to time in the Company's\npublic disclosure documents available under the Company's profile on SEDAR+.\n\nReaders are cautioned not to place undue reliance on forward-looking\ninformation. The Company does not undertake to update or revise any\nforward-looking information, except as required by applicable securities laws.\n\nNot for distribution to United States newswire services or for dissemination\nin the United States of America\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any securities in the United States or to or for the account or\nbenefit of U.S. Persons. The Shares have not been and will not be registered\nunder the United States Securities Act of 1933, as amended (the \"U.S.\nSecurities Act\"), or any state securities laws, and may not be offered or sold\nwithin the United States or to U.S. Persons absent registration under the U.S.\nSecurities Act and applicable state securities laws or an applicable exemption\nfrom such registration requirements. \"United States\" and \"U.S. Person\" have\nthe meanings assigned to them in Regulation S under the U.S. Securities Act.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/314276","article_body_html":"","raw_payload":{"data":{"id":"nNFC25W7sN-20260914","title":"Tesoro Minerals Announces Upsizing of Private Placement to C$1 Million","author":"Newsfile Corp","ticker":"TES","created":"2026-09-14T20:30:19.670Z","tickers":["TES"],"exchange":"","article_body":"\"Not for distribution to United States newswire services or for dissemination\nin the United States.\"\n\nVancouver, British Columbia--(Newsfile Corp. - September 14, 2026) - Tesoro\nMinerals Corp. (TSXV: TES) (\"Tesoro\" or the \"Company\") is pleased to announce\nthat, in response to continued investor interest, it has further increased the\nsize of its previously announced non-brokered private placement (the \"Private\nPlacement\") to aggregate gross proceeds of up to C$1,000,000.\n\nThis marks the second increase in the size of the Private Placement, which was\noriginally announced on September 3, 2026,\n(https://api.newsfilecorp.com/redirect/24pxvSWrzo) for gross proceeds of up to\nC$600,000 and increased to C$750,000 in a news release issued earlier today\n(https://api.newsfilecorp.com/redirect/MqPWjFg1vK). Following additional\ninvestor interest, the Company has elected to further increase the offering.\n\nThe Private Placement will now consist of the sale of up to 10,000,000 common\nshares of the Company (the \"Shares\") at a price of C$0.10 per Share, for\naggregate gross proceeds of up to C$1,000,000. All other terms of the Private\nPlacement remain unchanged.\n\nA finder's fee may be payable in cash on a portion of the Private Placement of\nup to 6% of the gross proceeds raised from certain purchasers, in accordance\nwith the policies of the TSX Venture Exchange (\"TSXV\") and applicable\nsecurities laws.\n\nThe Company plans to use the net proceeds of the Private Placement to advance\nits Rumichaca and Cerro Macho properties in Peru.\n\nUse of Proceeds\n*\nRumichaca and Cerro Macho exploration: initial fieldwork, data compilation,\ngeological mapping and sampling, and IP ground geophysical surveys;\n*\nCommunity and social engagement: stakeholder and community engagement\nactivities associated with the Company's exploration programs; and\n*\nGeneral working capital and corporate purposes.\n\nThe Company confirms that none of the proceeds of the Private Placement will\nbe used for Investor Relations Activities, as such term is defined in the\npolicies of the TSXV, and no payments will be made to Non-Arm's Length Parties\nof the Company.\n\nThe Private Placement remains subject to certain customary closing conditions,\nincluding receipt of all necessary regulatory approvals, including TSXV\napproval. The Company may close the Private Placement in one or more tranches.\n\nAll Shares issued pursuant to the Private Placement will be subject to a\nfour-month and one-day hold period from the applicable date of issuance, in\naccordance with applicable Canadian securities laws and the policies of the\nTSXV.\n\nAbout Tesoro Minerals Corp.\n\nTesoro Minerals Corp. (TSXV: TES) is a junior exploration company focused on\nthe discovery and advancement of high-quality precious and base metal projects\nin Peru. The Company leverages strong in-country expertise and a disciplined,\nvalue-accretive approach to project acquisition and exploration.\n\nOn behalf of Tesoro Minerals Corp.\n\nScott McLean\nPresident and CEO\nTesoro Minerals Corp.\nTel: (705) 669-1777\nwww.tesorominerals.com\n\nCautionary Statement Regarding Forward-Looking Information\n\nThis news release contains \"forward-looking information\" within the meaning of\napplicable Canadian securities legislation. Forward-looking information\nincludes statements concerning the completion, timing and terms of the Private\nPlacement; the anticipated use of proceeds; the Company's exploration plans\nand activities at its Rumichaca and Cerro Macho properties; and the receipt of\nregulatory approvals.\n\nForward-looking information is based on the Company's current expectations,\nassumptions, estimates and beliefs and is subject to known and unknown risks\nand uncertainties. There can be no assurance that the Private Placement will\nbe completed on the terms described herein, or at all, or that the Company\nwill receive the anticipated proceeds. There can also be no assurance that the\nCompany's proposed exploration activities will proceed as planned or that such\nactivities will result in the discovery or advancement of mineral resources or\nmineral deposits.\n\nFactors that could cause actual results to differ materially from those\nexpressed or implied by such forward-looking information include, without\nlimitation, the Company's ability to complete the Private Placement; the\nreceipt of required regulatory approvals; changes in market conditions; the\navailability of capital; fluctuations in metal prices; exploration and\ndevelopment risks; uncertainties relating to geological information and\nexploration results; permitting and regulatory risks; community and social\nrelations; political, economic and legal conditions in Peru; competition; and\nother risks and uncertainties described from time to time in the Company's\npublic disclosure documents available under the Company's profile on SEDAR+.\n\nReaders are cautioned not to place undue reliance on forward-looking\ninformation. The Company does not undertake to update or revise any\nforward-looking information, except as required by applicable securities laws.\n\nNot for distribution to United States newswire services or for dissemination\nin the United States of America\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any securities in the United States or to or for the account or\nbenefit of U.S. Persons. The Shares have not been and will not be registered\nunder the United States Securities Act of 1933, as amended (the \"U.S.\nSecurities Act\"), or any state securities laws, and may not be offered or sold\nwithin the United States or to U.S. Persons absent registration under the U.S.\nSecurities Act and applicable state securities laws or an applicable exemption\nfrom such registration requirements. \"United States\" and \"U.S. Person\" have\nthe meanings assigned to them in Regulation S under the U.S. Securities Act.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/314276"},"type":"article","timestamp":"2026-09-14T20:30:19.719566833Z","server_sent_at_ms":1789417819719},"received_at":"2026-09-14T20:30:19.777Z","source_url":"https://www.newsfilecorp.com/release/314276"},"analysis":{"id":"131939","press_release_id":"143108","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Dilution: up to 10,000,000 new shares at C$0.10; no prior market price disclosed, so discount to market cannot be assessed","Non-brokered 'up to' sizing with possible multi-tranche close means the full C$1M raise is not assured","Third size change in roughly 11 days (C$600K to C$750K to C$1M) indicates evolving capital needs for a micro-cap junior"],"eventType":"offering","narrative":"Tesoro Minerals upsized its non-brokered private placement for a second time, lifting aggregate gross proceeds to up to C$1,000,000 from C$600,000 originally and C$750,000 earlier in the day.\n\nThe offering now comprises up to 10,000,000 common shares at C$0.10 per share, with finder's fees of up to 6% possible on a portion of the raise; all other terms are unchanged.\n\nNet proceeds are earmarked for exploration at the company's Rumichaca and Cerro Macho properties in Peru — initial fieldwork, geological mapping, sampling and IP ground geophysics — plus community engagement and working capital.\n\nClosing remains subject to TSX Venture Exchange and other regulatory approvals; shares are subject to a four-month-and-one-day hold period and the placement may close in one or more tranches.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Demand-driven upsize to C$1M funds Peru exploration at Rumichaca and Cerro Macho — modest dilution at C$0.10, watch tranche closes."},"keyFigures":{"offeringPrice":0.1,"sharesOffered":10000000,"customDimensions":{"currency":"CAD","structure":"non-brokered private placement, may close in one or more tranches","hold_period":"four months and one day","first_upsize":"C$750,000","original_size":"C$600,000","gross_proceeds":"C$1,000,000","use_of_proceeds":"Rumichaca and Cerro Macho exploration (fieldwork, mapping, sampling, IP geophysics), community engagement, working capital","finders_fee_max_pct":"6%"}},"quotedText":"","namedEntities":{"people":[{"name":"Scott McLean","role":"President and CEO"}],"products":["Rumichaca property","Cerro Macho property"],"companies":[{"name":"Tesoro Minerals Corp.","ticker":"TES","relationship":"filer/issuer"},{"name":"TSX Venture Exchange","relationship":"listing exchange / regulatory approver"}],"dollarAmounts":[{"amount":"C$1,000,000","context":"upsized aggregate gross proceeds of the private placement"},{"amount":"C$600,000","context":"original private placement size announced September 3, 2026"},{"amount":"C$750,000","context":"first upsize announced earlier on September 14, 2026"},{"amount":"C$0.10","context":"price per common share in the private placement"}]},"materialImpact":{"score":2,"reasoning":"Routine micro-cap financing: a non-brokered private placement upsized twice in 11 days to C$1,000,000 at C$0.10 per share. Demand-driven upsizing signals investor interest and funds Peru exploration, but the capital size and dilution are modest and non-market-moving."},"tickerRelevance":{"others":[],"primary":"TES"},"globalImportance":10,"audienceRelevance":12,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap TSXV junior explorer","eventGravity":"routine private placement upsize","crossListedUs":false,"issuerAuthored":true,"marketCapAdjustment":"C$1M raise — immaterial to broad market, modestly dilutive at micro-cap scale","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bullish","material_impact_score":2,"narrative":"Tesoro Minerals upsized its non-brokered private placement for a second time, lifting aggregate gross proceeds to up to C$1,000,000 from C$600,000 originally and C$750,000 earlier in the day.\n\nThe offering now comprises up to 10,000,000 common shares at C$0.10 per share, with finder's fees of up to 6% possible on a portion of the raise; all other terms are unchanged.\n\nNet proceeds are earmarked for exploration at the company's Rumichaca and Cerro Macho properties in Peru — initial fieldwork, geological mapping, sampling and IP ground geophysics — plus community engagement and working capital.\n\nClosing remains subject to TSX Venture Exchange and other regulatory approvals; shares are subject to a four-month-and-one-day hold period and the placement may close in one or more tranches.","key_figures":{"offeringPrice":0.1,"sharesOffered":10000000,"customDimensions":{"currency":"CAD","structure":"non-brokered private placement, may close in one or more tranches","hold_period":"four months and one day","first_upsize":"C$750,000","original_size":"C$600,000","gross_proceeds":"C$1,000,000","use_of_proceeds":"Rumichaca and Cerro Macho exploration (fieldwork, mapping, sampling, IP geophysics), community engagement, working capital","finders_fee_max_pct":"6%"}},"named_entities":{"people":[{"name":"Scott McLean","role":"President and CEO"}],"products":["Rumichaca property","Cerro Macho property"],"companies":[{"name":"Tesoro Minerals Corp.","ticker":"TES","relationship":"filer/issuer"},{"name":"TSX Venture Exchange","relationship":"listing exchange / regulatory approver"}],"dollarAmounts":[{"amount":"C$1,000,000","context":"upsized aggregate gross proceeds of the private placement"},{"amount":"C$600,000","context":"original private placement size announced September 3, 2026"},{"amount":"C$750,000","context":"first upsize announced earlier on September 14, 2026"},{"amount":"C$0.10","context":"price per common share in the private placement"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-14T20:31:07.237Z","global_importance":10,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap TSXV junior explorer","eventGravity":"routine private placement upsize","crossListedUs":false,"issuerAuthored":true,"marketCapAdjustment":"C$1M raise — immaterial to broad market, modestly dilutive at micro-cap scale","retailFavoriteBoost":0}},"durationMs":47450,"modelName":"glm-5.3-flash"}}