Sonoro Gold announces CAD$10 million private placement

Sonoro Gold Corp. (TSXV: SGO) announced a non-brokered private placement offering of 40 million units priced at CAD$0.25 per unit for gross proceeds of CAD$10 million.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional common shares at CAD$0.34 per share for three years following the closing date.

The company plans to use net proceeds to advance development of its Cerro Caliche gold project in Sonora, Mexico, and for general working capital purposes.

Company insiders will participate in the offering for approximately 4 million units, representing CAD$1 million in gross proceeds. This constitutes a related party transaction under TSX Venture Exchange policies and securities regulations.

The company may pay finder's fees to registered securities dealers who assist with unit placement, subject to TSX Venture Exchange policies. All securities will be subject to a four-month hold period in Canada from the closing date.

The offering requires TSX Venture Exchange acceptance. Sonoro Gold operates as an exploration and development company with projects in Sonora State, Mexico, including the development-stage Cerro Caliche project and exploration-stage San Marcial project.

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