Sonoro GOLD Announces $500,000 Private Placement
27 November 2024 - 12:00AM
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP)
(“Sonoro” or the “Company”) announces a non-brokered private
placement offering (the "Offering") consisting of 5,555,556 units
(the “Units”) at a price of CAD $0.09 per Unit, for gross proceeds
of CAD $500,000.
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 CAD $0.14 per share.
The Company intends to pay finder’s fees, as
permitted under the policies of the TSX Venture Exchange, in
respect of Units placed with the assistance of registered
securities dealers.
All securities issued and issuable in connection
with the Offering will be subject to a 4-month plus one-day hold
period in Canada from the closing date. The Offering is subject to
TSX Venture Exchange acceptance.
The net proceeds from the Offering will be used
to fund the ongoing development of the Company’s Cerro Caliche gold
project in Sonora, Mexico as well as working capital.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed
exploration and development Company holding the development-stage
Cerro Caliche project and the exploration-stage San Marcial project
in Sonora State, Mexico. The Company has highly experienced
operational and management teams with proven track records for the
discovery and development of natural resource deposits.
Keep up-to-date on Sonoro developments and join
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On behalf of the Board of SONORO GOLD CORP.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please
contact: Sonoro Gold Corp. - Tel: (604) 632-1764 Email:
info@sonorogold.com
Forward-Looking Statement Cautions:
This press release may contain "forward-looking
information" as defined in applicable Canadian securities
legislation. All statements other than statements of historical
fact, included in this release, including, without limitation,
statements regarding the Cerro Caliche project, and future plans
and objectives of the Company, constitute forward looking
information that involve various risks and uncertainties, including
statements regarding the amount of financing proposed to be raised,
intended use of the financing proceeds, sufficiency of fund to
complete certain project development steps, and outlook for the
results of the contemplated drilling program. Although the Company
believes that such statements are reasonable based on current
circumstances, it can give no assurance that such expectations will
prove to be correct. Forward-looking statements are statements that
are not historical facts; they are generally, but not always,
identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims",
"potential", "goal", "objective", "prospective" and similar
expressions, or that events or conditions "will", "would", "may",
"can”, "could" or "should" occur, or are those statements, which,
by their nature, refer to future events. The Company cautions that
forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made and they involve a number of risks and uncertainties,
including the possibility of unfavorable exploration and test
results, the lack of sufficient future financing to carry out
exploration and development plans and unanticipated changes in the
legal, regulatory and permitting requirements for the Company’s
exploration programs. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law or the policies of the TSX Venture
Exchange. Readers are encouraged to review the Company’s complete
public disclosure record on SEDAR at www.sedar.com.
This press release does not constitute or
form a part of any offer or solicitation to purchase or subscribe
for securities in the United States. The securities referred to
herein have not been and will not be registered under the
Securities Act of 1933, as amended (the “Securities Act”), or with
any securities regulatory authority of any state or other
jurisdiction in the United States, and may not be offered or sold,
directly or indirectly, within the United States or to, or for the
account or benefit of, U.S. persons, as such term is defined in
Regulation S under the Securities Act (“Regulation S”), except
pursuant to an exemption from or in a transaction not subject to
the registration requirements of the Securities Act”
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
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