Sonoro Gold arranges $3-million private placement

Executive Summary

• Sonoro Gold Corp. announced a fully subscribed non‑brokered private placement of 15 million units at $0.20 per unit, generating gross proceeds of $3 million.
• Proceeds will fund the Cerro Caliche gold project, including an updated Preliminary Economic Assessment and completion of the final payment under the Rosario option to secure 100% ownership of the mining concessions.
• The offering includes common shares plus warrants (exercise price $0.28) and is expected to close around October 20, 2025, subject to TSX Venture Exchange acceptance.

Key Details

• Units Offered: 15 million units @ $0.20 per unit → Gross proceeds: $3 million.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to purchase one additional common share at $0.28 per share, exercisable for three years from closing.
• Use of Proceeds:
• Finance continued development of the Cerro Caliche gold project in Sonora, Mexico.
• Commission an updated Preliminary Economic Assessment (PEA).
• Complete final payment under the Rosario option agreement to obtain 100% ownership of Cerro Caliche concessions.
• Fund the change‑of‑land‑use permit (Autorización en Cambio de Uso de Suelo – ETJ) required for mining operations.
• Closing Date: Expected on or about Oct 20, 2025.
• Finder’s Fees: May be paid in accordance with TSX Venture Exchange policies for units placed with registered securities dealers.
• Insider Participation: Officers and/or directors may participate; transaction qualifies as a related‑party transaction under MI 61‑101, relying on exemptions from valuation and minority shareholder approval requirements.
• Hold Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period in Canada from the closing date.
• Exchange Acceptance: Offering is subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were provided in the release.)