The Prospector News

Sonoro Gold Announces closing of oversubscribed Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sonoro Gold Announces closing of oversubscribed Private Placement

Sonoro Gold Corp. (TSX-V: SGO)(OTCQB: SMOFF)(FRA: 23SP) is pleased to announce that it has closed its previously announced oversubscribed, non-brokered private placement of 13,350,000 units at $0.15 per unit, for gross proceeds of CAD $2,002,500.  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 CAD $0.22 per share.

In connection with the Offering, the Company paid $47,502.69 in Finder’s Fees and issued 316,685 in non-transferable Finder’s Warrants for a period of two years at an exercise price of $0.22.

All securities issued and issuable in connection with the Offering are subject to a 4-month plus one day hold period ending January 11, 2026. The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange.

Insiders of the Company participated in the Offering by subscribing for 906,667 Units for gross proceeds of $136,000, constituting a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101, as the fair market value of the transaction did not exceed 25% of the Company’s market capitalization.

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 and for general working capital purposes. The project is in the final permitting stage for a proposed open-pit, heap leach mining operation.

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.

To keep up-to-date on Sonoro’s developments, please join our online communities on XFacebookLinkedInInstagram and YouTube , and visit Sonoro’s website and subscribe to receive the latest news and updates delivered straight to your inbox.

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

Posted September 10, 2025

Share this news article

MORE or "UNCATEGORIZED"


GoldHaven Announces Upsized LIFE Offering to Advance Magno and Copeçal Projects

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a North American exploration compan... READ MORE

June 5, 2026

Blue Star Announces Closing of First Tranche of Non-Brokered Private Placement

Blue Star Gold Corp. (TSX-V: BAU) (OTCQB: BAUFF) (FSE: 5WP0) announces that, further to its news rel... READ MORE

June 5, 2026

TRX Gold Reports Q3 2026 Production on Record Throughput, Reaffirms Guidance, and Accelerates Plant Expansion

TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) is pleased to announce preliminary results for... READ MORE

June 5, 2026

McFarlane Lake Announces Closing of $6.75 Million Investment Led by Strategic Investors – Michael Gentile and Pierre Beaudoin

McFarlane Lake Mining Limited (CSE: MLM) (OTC: MLMLF) (FRA: W2Z), a Canadian gold exploration and de... READ MORE

June 5, 2026

Tristar Gold Closes $10 Million Brokered Private Placement

Tristar Gold Inc. (TSX-V:TSG) (OTCQB: TSGZF) is pleased to announce that it has closed its previous... READ MORE

June 4, 2026

Copyright 2026 The Prospector News