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SONORO GOLD Announces $500,000 Private Placement, The Canadian Business Journal

This press release is required by applicable Canadian law and is not intended for distribution.

For US news services or distribution in the US.

VANCOUVER, CANADA, OCTOBER 6, 2022 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that it will make an unbrokered private placement (the “Offer”) of up to 3,500,000 Units. (“Units”) at a price of $0.15 CAD per Unit up to a total of $525,000 CAD.

Each unit will consist of one share of Sonoro common stock and one share of common stock purchase warrants. Each warrant holder will be entitled to purchase one additional share of his Sonoro common stock at an exercise price of CAD $0.225 per share for two years from the closing of the private placement.

The Company will pay finder commissions on units placed with the assistance of registered securities dealers as permitted under the policies of the TSX Venture Exchange.

Net proceeds from the offering will be used to fund the ongoing development of the proposed Heapreach mining operation at the Company’s Cerro Caliche gold project in Sonora, Mexico.

All securities issued and issuable in connection with the offering are subject to a hold period of four months in Canada from the closing date. Offering subject to TSX Venture Exchange approval.

About Sonoro Gold Corporation
Sonoro Gold Corporation is a publicly traded exploration and development company that owns the near-development Cerro Caliche project and the exploration-stage San Marcial project in Sonora, Mexico. The company has an experienced operational and management team with a proven track record in the discovery and development of natural resource deposits.

On behalf of the Board of Directors of SONORO GOLD CORP
per: Kenneth MacLeod
Kenneth MacLeod
President and CEO

For more information, please contact:
Sonoro Gold Corp. – Phone: (604) 632-1764
Email: [email protected]

This press release does not constitute or form an 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, nor have they been registered with the securities regulators of any state or other jurisdiction of the United States. offer or sell, directly or indirectly, in the United States or for the account or benefit of a United States person, as that term is defined in Regulation S under the Securities Act (“Regulation S”); be done.an exemption from transactions not subject to the registration requirements of the Securities Act or

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

CBJ Newsmaker

SONORO GOLD Announces $500,000 Private Placement, The Canadian Business Journal

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