Sonoro Gold increases private placement to $4-million

Executive Summary

• Sonoro Gold Corp. increased its previously announced non‑brokered private placement to 20 million units, targeting gross proceeds of $4 million.
• The unit price remains $0.20 per unit, each consisting of one common share and one warrant (exercise price $0.28, three‑year term).
• Net proceeds will be used to finance continued development of the Cerro Caliche gold project in Sonora, Mexico and for general working capital.

Key Details

• Placement Size: Increased to 20 million units (up from original amount announced on Oct. 2, 2025).
• Gross Proceeds: Targeted at $4 million.
• Unit Composition: 1 Sonoro 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 the closing date.
• Offering Price: Remains $0.20 per unit.
• Finder’s Fees: Company will pay finder’s fees in accordance with TSX Venture Exchange policies for units placed with assistance of registered securities dealers.
• Holding Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period in Canada from the closing date.
• Regulatory Condition: Offering is subject to acceptance by the TSX Venture Exchange.
• Use of Proceeds: To finance continued development of the Cerro Caliche gold project and for working capital needs.

Notable Quotes

(No direct quotes were provided in the release.)