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Tesoro Minerals Corp. — Board/Management Information 2021
Apr 22, 2021
43067_rns_2021-04-21_7ad7b612-cfbf-42bd-bf0a-3c6a4d151c30.pdf
Board/Management Information
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 – Reporting Issuer
Tesoro Minerals Corp. (“Tesoro” or the “Company”) Suite 615 - 800 West Pender St. Vancouver, B.C. V6C 2V6
Item 2 – Date of Material Change
April 21, 2021
Item 3 – News Release
A news release announcing the material change was issued on April 21, 2021 through the facilities of Newsfile Corp. and a copy was filed on SEDAR.
Item 4 – Summary of Material Change
The Company announced that its Board of Directors has accepted the resignation of Mr. Peter Tegart as President, Chief Executive Officer and a Director of the Corporation and has appointed Mr. Scott McLean, P.Geo., FGC as Interim Chief Executive Officer.
Item 5 – Full Description of Material Change
Item 5.1 – Full Description of Material Change
The material change is fully described in the press release of the Company disseminated on April 21, 2021, attached hereto.
Item 5.2 – Disclosure of Restructuring Transactions
N/A
Item 6 – Reliance on Subsection 7.1(2) of National Instrument 51-102
N/A
Item 7 – Omitted Information
N/A
Item 8 – Executive Officer
Scott McLean, Interim President & CEO (604) 710-2140 [email protected]
Item 9 – Date of Report
April 21, 2021
TESORO MINERALS CORP . Suite 615, 800 West Pender Street Vancouver, British Columbia Canada V6C 2V6
Tesoro Announces Resignation of President & CEO
VANCOUVER, April 21, 2021 - Tesoro Minerals Corp (TSX Venture: TES) (" Tesoro " or the " Corporation "), announces that its Board of Directors has accepted the resignation of Mr. Peter Tegart as President, Chief Executive Officer and a Director of the Corporation. Mr. Tegart has decided to pursue other opportunities and the Board wishes him well with his future endeavours. In light of Mr. Tegart's resignation, the Board has appointed Mr. Scott McLean, P.Geo., FGC as Interim Chief Executive Officer. Mr. McLean will oversee the Corporation and be responsible for the day-to-day operations of Tesoro’s business until such time as a new President and CEO is appointed. Mr. McLean has been with Tesoro for a number of years as a member of the Board of Directors of the Corporation.
About Tesoro
The Company has assembled a team of experienced geoscientists with extensive exploration experience in the Americas with the aim of acquiring other assets. For further information on the Company please contact Scott McLean, Interim President & CEO at [email protected] or (604) 710-2140.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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 of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.