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TESORO GOLD LTD Capital/Financing Update 2012

Jul 12, 2012

65957_rns_2012-07-12_5f46f6b8-dd36-4906-970e-99d0a0ff65e9.pdf

Capital/Financing Update

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CONTINUATION INVESTMENTS LIMITED

13 July 2012

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

By E-Lodgement

ENTITLEMENT ISSUE – SHORTFALL NOTICE

Continuation Investments Limited (ASX: COT) advises that acceptances under its pro-rata renounceable entitlement offer to raise approximately $701,000 (before costs) ( Entitlement Issue ) closed at 5pm on Tuesday 10 July 2012.

The Company is pleased to announce that it has received applications from Shareholders subscribing for 9,101,770 shares in the Company totalling $455,089.

The remaining shortfall of 4,920,849 shares will be issued at the Board’s discretion pursuant to the Offer Document.

Holding statements for securities issued under the Entitlement Issue are expected to be dispatched to shareholders on 18 July 2012.

Yours Sincerely

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Sarah Smith Company Secretary

______________ Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: [email protected]