Mr.
Kenneth MacLeod reports
SONORO GOLD ANNOUNCES INCREASE IN PRIVATE PLACEMENT TO $15 MILLION
In response to investor demand, Sonoro Gold Corp. is increasing its non-brokered private placement announced on May 20, 2026, to 60 million units for gross proceeds of $15-million.
The offering price remains 25 cents per unit, with each unit composed of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company for a period of three years from the closing of the private placement at an exercise price of 34 cents per common share.
The company intends to pay finders' 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 four-month-plus-one-day hold period in Canada from the closing date. The offering is subject to TSX-V acceptance.
The net proceeds from the offering will be used to advance the continuing development of the company's Cerro Caliche gold project in Sonora, Mexico, as well as general working capital.
About Sonoro Gold Corp.
Sonoro Gold 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 records for the discovery and development of natural resource deposits.
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