SONORO GOLD ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Pursuant to the Private Placement, the Company has issued 20,007,920 units at a price of C$0.10 per unit, in two tranches for aggregate gross proceeds of C$2,000,792, subject to approval of the TSX Venture Exchange (the "TSXV").
- Pursuant to the Private Placement, the Company has issued 20,007,920 units at a price of C$0.10 per unit, in two tranches for aggregate gross proceeds of C$2,000,792, subject to approval of the TSX Venture Exchange (the "TSXV").
- Each Unit consists of one Sonoro common share and one common share purchase warrant.
- Each warrant entitles the holder thereof to purchase one additional Sonoro common share for a period of two years from the closing of the private placement at an exercise price of C$0.15 per share.
- All securities issued and issuable in connection with the second tranche are subject to a 4-month plus one day hold period ending December 2, 2023.