SONORO GOLD ANNOUNCES $0.5 MILLION PRIVATE PLACEMENT
VANCOUVER, Canada, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that it will undertake a non-brokered private placement offering (the "Offering") consisting of up to 3,500,000 units (the “Units”) at a price of C$0.15 per Unit, for gross proceeds of up to C$525,000.
- Each Unit will be composed of one Sonoro common share and one common share purchase warrant.
- Each warrant will entitle 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$0.225 per share.
- Sonoro Gold Corp. is a publicly listed exploration and development Company holding the near-development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico.
- On behalf of the Board of SONORO GOLD CORP.