Sonoro Gold arranges $500,000 private placement

Executive Summary

• Sonoro Gold Corp. announced a non‑brokered private placement of 3.5 million units at $0.15 per unit, targeting gross proceeds of $525,000.
• Each unit consists of one common share and one common share purchase warrant (exercise price $0.22, two‑year term).
• Net proceeds will fund continued development of the Cerro Caliche gold project in Sonora, Mexico, and provide working capital.

Key Details

• Offering size: 3.5 million units
• Price per unit: $0.15
• Gross proceeds: $525,000
• Unit composition: 1 Sonoro common share + 1 common share purchase warrant
• Warrant terms: Right to purchase one additional common share at $0.22 per share; exercisable for two years from closing date
• Hold period: All securities subject to a four‑month‑plus‑one‑day hold period in Canada from the closing date
• Finder’s fees: Company may pay finder’s fees to registered securities dealers, as permitted by TSX Venture Exchange policies
• Use of proceeds: Finance ongoing development of Cerro Caliche gold project and general working capital
• Regulatory status: Offering subject to acceptance by the TSX Venture Exchange

Notable Quotes

(No executive quotes were provided in the release.)