PERTH: Plukka Limited announced that its public offer of fully paid ordinary shares to raise a minimum of $4.5 million has closed, with a total amount raised of $4.63 million, and the issue of Shares under the offer is now complete.

The Public Offer was conducted in connection with the Company’s acquisition of 100% of the issued share capital of Tesoro Resources Limited in order to facilitate the reinstatement of the Company to the Official List of Australia Stock Exchange (ASX).

Plukka Limited announced that following successful completion of the Public Offer, it has also completed the Acquisition of Tesoro Resources Limited.

Completion of the Acquisition satisfies a key condition for the reinstatement of the Company’s shares to official quotation. The Company is working closely with ASX to satisfy the remaining conditions and will update the market once a reinstatement date has been confirmed.

Following completion of the Acquisition, Mr Cameron Williams and Mr Peter Ruse have formally resigned from the Board. They have been replaced by Mr Zeffron Reeves as Managing Director and Mr Geoff McNamara as non-executive director. The material terms and conditions of Mr Reeves’ and Mr McNamara’s appointment have been summarised in the Prospectus.

The Company has also now changed its name from ‘Plukka Limited’ to ‘Tesoro Resources Limited’ and, upon being re-admitted to quotation on the ASX, its Shares will be traded under the ASX ticker code “TSO”