Sonoro Gold increases private placement to $2-million

Executive Summary

• Sonoro Gold Corp. increased its previously announced non‑brokered private placement to 13.35 million units, generating gross proceeds of $2,002,500 at the unchanged price of $0.15 per unit.
• Each unit consists of one common share and one common share purchase warrant (exercise price $0.22, two‑year term).
• Net proceeds are earmarked to finance continued development of the Cerro Caliche gold project in Sonora, Mexico, and for general working capital.

Key Details

• Placement Size: 13.35 million units (up from prior announced amounts).
• Offering Price: $0.15 per unit – unchanged from earlier announcements on Aug. 20 2025 and Aug. 27 2025.
• 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.
• Gross Proceeds: $2,002,500.
• Use of Proceeds: Funding the ongoing development of the Cerro Caliche gold project and general working capital needs.
• Finder’s Fees: Company will pay finder’s fees to registered securities dealers as permitted by TSX Venture Exchange policies.
• Holding Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period in Canada from the closing date.
• Regulatory Status: Offering remains subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)