Sendero Resources Announces $4 Million Brokered Financing

Executive Summary

• Sendero Resources entered into a brokered private placement for up to 4,220,000 common shares at C$0.95 per share, targeting gross proceeds of C$4.009 million.
• The placement includes an over‑allotment option for the agent to purchase an additional 15% of shares (up to C$601,350) prior to closing.
• Net proceeds are earmarked to fund exploration at the Penas Negras copper‑gold project and cover general corporate expenses; closing is expected around December 3, 2025 pending regulatory approvals.

Key Details

• Offering Size: 4,220,000 common shares (C$0.95 per share) → Gross proceeds: C$4,009,000.
• Over‑Allotment Option: Agent may purchase up to an additional 15% of the shares (≈ 633,000 shares) for up to C$601,350, exercisable up to 48 hours before closing.
• Use of Proceeds: Primarily to fund exploration work at the Penas Negras project; remainder for general administrative expenses and working corporate purposes.
• Closing Date: Expected on or about December 3, 2025, subject to receipt of all required regulatory approvals (including conditional TSX Venture Exchange approval).
• Placement Structure: Conducted under the Listed Issuer Financing Exemption (NI 45‑106) – shares offered to Canadian residents (excluding Quebec) and other qualifying jurisdictions; no hold period applicable.
• Agent/Bookrunner: Stifel Nicolaus Canada Inc., acting as sole agent and bookrunner on a best‑efforts basis.
• Regulatory Compliance: Offering subject to NI 45‑106, Coordinated Blanket Order 45‑935, and TSX Venture Exchange requirements; no U.S. offering or registration.

Notable Quotes

(No direct quotes were provided in the release.)