Sonoro Gold increases private placement to $1.5-million

Executive Summary

• Sonoro Gold Corp. is increasing its previously announced non‑brokered private placement to 10 million units, targeting gross proceeds of $1.5 million.
• The unit price remains at $0.15 per unit, each consisting of one common share and one 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

• Placement Size: Increased to 10 million units (up from original amount announced on Aug. 20, 2025).
• Gross Proceeds: Expected $1.5 million at $0.15 per unit.
• 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.
• Finder’s Fees: Company may pay finder’s fees in accordance with TSX Venture Exchange policies for units placed with registered dealers.
• Holding Period: All securities subject to a four‑month plus one‑day hold period in Canada from the closing date.
• Exchange Acceptance: Offering is conditional upon acceptance by the TSX Venture Exchange.
• Use of Proceeds: Finance ongoing development at the Cerro Caliche gold project (Sonora, Mexico) and general working capital needs.

Notable Quotes

(No CEO/President quotes provided in the release.)