Sonoro Gold closes $2-million private placement

Executive Summary

• Sonoro Gold Corp. closed an oversubscribed, non‑brokered private placement of 13.35 million units at $0.15 per unit, generating gross proceeds of $2.00 M.
• Net proceeds will fund continued development of the Cerro Caliche gold project in Sonora, Mexico, and provide general working capital.
• The offering included finders’ fees of $47,502.69 and issuance of non‑transferable finder warrants; insiders purchased 906,667 units ($136 k) under TSX Venture Exchange exemptions.

Key Details

• Units sold: 13,350,000 units @ $0.15 per unit → gross proceeds $2,002,500.
• Unit composition: 1 common share + 1 common‑share purchase warrant (exercise price $0.22, two‑year term).
• Finders’ compensation: $47,502.69 paid; issuance of 316,685 non‑transferable finder warrants (exercise price $0.22, two‑year term).
• Holding period: All securities subject to a four‑month‑plus‑one‑day hold ending Jan 11 2026.
• TSX Venture Exchange status: Conditional acceptance received; final acceptance pending.
• Insider participation: Insiders subscribed for 906,667 units → gross proceeds $136,000, treated as a related‑party transaction under TSX Venture Exchange Policy 5.9 and MI 61‑101. Exemptions relied on Sections 5.5(a) and 5.7(1)(a).
• Use of proceeds: Finance continued development of the Cerro Caliche gold project (final permitting stage for an open‑pit, heap leach operation) and general working capital.

Notable Quotes

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