Sendero Resources "Best-Efforts" Offering Has Been Fully Allocated

Executive Summary

• Sendero Resources Corp. announced that its best‑efforts private placement of 4,220,000 common shares at C$0.95 per share has been fully subscribed (excluding the optional over‑allotment).
• Gross proceeds are expected to be C$4.009 million, with potential additional gross proceeds of up to C$601,350 if the underwriter exercises its 15 % option.
• Net proceeds will fund exploration at the Penas Negras copper‑gold project in Argentina and cover general corporate and administrative expenses.

Key Details

• Offering size: 4,220,000 common shares
• Offering price: C$0.95 per share
• Gross proceeds committed: C$4,009,000
• Over‑allotment option: Up to an additional 15 % of the shares (≈633,000 shares) for up to C$601,350 gross proceeds
• Closing date: Expected on or about December 3, 2025, subject to regulatory approvals (TSX Venture Exchange).
• Use of proceeds:
• Exploration work at the Penas Negras project (copper‑gold target in Argentina)
• General administrative expenses and working corporate purposes.
• Financing exemption: Listed Issuer Financing Exemption was relied upon for this private placement.
• Qualified Person: Steven McMullan, P.Geo., reviewed and approved the technical information; he is also a director of Sendero.

Notable Quotes

(No direct quotes were provided in the release.)