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Enter Symbol
or Name
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Sonoro Metals Corp (2)
Symbol SMO
Shares Issued 10,620,727
Close 2014-11-18 C$ 0.14
Market Cap C$ 1,486,902
Recent Sedar Documents

ORIGINAL: Sonoro Metals closes $200,000 tranche of financing

2014-11-20 14:50 ET - News Release

Received by email:

File: 20141118 Flow-Through Closing.docx

/

NEWS RELEASE 

DATE: NOVEMBER 20, 2014               FOR IMMEDIATE RELEASE

TRADING SYMBOL:   TSXV: SMO

SONORO COMPLETES $200,000 FLOW-THROUGH PRIVATE PLACEMENT

VANCOUVER, Canada, November 20, 2014, Sonoro Metals Corp. ("Sonoro" or the "Company") (TSXV: SMO), announces that it h
--->as closed the first tranche of its $900,000 private placement first announced on November 10, 2014 and amended on Nove
--->mber 18, 2014. This first closing consisted of a total of 1,666,667 flow-through units (the "Flow-Through Units") at a
---> price of $0.12 per Flow-Through Unit for gross proceeds of $200,000 (the "Offering"). Each Flow-through Unit is compr
--->ised of one flow-through share and one common share purchase warrant (a "Warrant") exercisable for a term of three yea
--->rs. Each Warrant entitles the holder to purchase one additional common share at a price of $0.15 per share during the 
--->first year following the closing, escalating to $0.20 per share in the second year and $0.25 per share in the third ye
--->ar, subject to the right of Sonoro to accelerate the expiry of the Warrants, if at any time after four months and one 
--->day from the closing, during the term of the Warrants, the common shares of Sonoro close at a price at or above $0.40 
--->per share for more than 20 consecutive trading days.

The net proceeds from the Offering will be primarily used by Sonoro for expenditures on the Monroe Property and for ge
--->neral working capital purposes. The securities issued in connection with the Offering are subject to a hold period exp
--->iring on March 20, 2015.

About Sonoro Metals Corp. 
Sonoro Metals Corp. is an exploration and development company with a portfolio of exploration-stage properties located
---> in the Mexican state of Sonora and in British Columbia, Canada. Sonoro has a skilled exploration team in Mexico, head
--->ed by Hermosillo-based Chief Geologist Melvin Herdrick, a professional geologist with over 35 years of experience, inc
--->luding 9 years as the Chief Geologist for Phelps Dodge in Mexico from 1994 to 2003 and 5 years as Vice President of Ex
--->ploration for Pediment Gold Corp. until its takeover by Argonaut Gold Inc. in 2011. Sonoro's technical team in Canada 
--->is spearheaded by professional geologist Stephen Kenwood, with over 20 years of experience in mineral exploration and 
--->development in British Columbia.
On behalf of the Board of SONORO METALS CORP.
Per:  "Kenneth MacLeod"
 KENNETH MACLEOD
 President & CEO

For further information, please contact:
Sonora Metals Corp. - Tel: (604) 632-1764
Email: info@sonorometals.com

Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation
--->, relating to, among other things, the Company's plans regarding the use of proceeds of the completed Offering. Althou
--->gh the Company believes that such statements are reasonable, it can give no assurance that such expectations will prov
--->e 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," "ai
--->ms," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "w
--->ould," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future event
--->s. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Compan
--->y's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently,
---> there can be no assurances that such statements will prove to be accurate and actual results and future events could 
--->differ materially from those anticipated in such statements. Except to the extent required by applicable securities la
--->ws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking 
--->statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause f
--->uture results to differ materially from those anticipated in these forward-looking statements include accidents and ot
--->her risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geolo
--->gical factors, the possibility that the Company may not be able to secure permitting and other governmental clearances
---> necessary to carry out the Company's exploration plans, and the risk of political uncertainties and regulatory or leg
--->al changes in Mexico that might interfere with the Company's business and prospects. The reader is urged to refer to t
--->he Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Documen
--->t Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potent
--->ial effects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR DISSEMINAT
--->ION IN THE UNITED STATES.
THE SECURITIES TO BE ISSUED UNDER THE OFFERING HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933
---> (AS AMENDED) OR ANY STATE SECURITIES LAWS, AND UNLESS SO REGISTERED MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES O
--->R TO U.S. PERSONS EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION SUBJECT TO, THE REGISTRATION REQUIREMENTS 
--->OF THE UNITED STATES SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS.  THIS PRESS RELEASE IS ISSUED PURSUA
--->NT TO RULE 135(C) OF THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED), AND DOES NOT CONSTITUTE AN OFFER TO SELL, 
--->OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION I
--->N WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES
---> LAWS OF ANY SUCH JURISDICTION.


File: 20141118 Flow-Through Closing.pdf

                                                 NEWS RELEASE


DATE: NOVEMBER 20, 2014                                                 FOR IMMEDIATE RELEASE

TRADING SYMBOL: TSXV: SMO

          SONORO COMPLETES $200,000 FLOW-THROUGH PRIVATE PLACEMENT

VANCOUVER, Canada, November 20, 2014, Sonoro Metals Corp. ("Sonoro" or the "Company") (TSXV: SMO ),
announces that it has closed the first tranche of its $900,000 private placement first announced on November 10, 2014
and amended on November 18, 2014. This first closing consisted of a total of 1,666,667 flow-through units (the "Flow-
Through Units") at a price of $0.12 per Flow-Through Unit for gross proceeds of $200,000 (the "Offering"). Each
Flow-through Unit is comprised of one flow-through share and one common share purchase warrant (a "Warrant")
exercisable for a term of three years. Each Warrant entitles the holder to purchase one additional common share at a
price of $0.15 per share during the first year following the closing, escalating to $0.20 per share in the second year
and $0.25 per share in the third year, subject to the right of Sonoro to accelerate the expiry of the Warrants, if at 
--->any
time after four months and one day from the closing, during the term of the Warrants, the common shares of Sonoro
close at a price at or above $0.40 per share for more than 20 consecutive trading days.

The net proceeds from the Offering will be primarily used by Sonoro for expenditures on the Monroe Property and
for general working capital purposes. The securities issued in connection with the Offering are subject to a hold peri
--->od
expiring on March 20, 2015..

About Sonoro Metals Corp.

Sonoro Metals Corp. is an exploration and development company with a portfolio of exploration-stage properties
located in the Mexican state of Sonora and in British Columbia, Canada. Sonoro has a skilled exploration team in
Mexico, headed by Hermosillo-based Chief Geologist Melvin Herdrick, a professional geologist with over 35 years
of experience, including 9 years as the Chief Geologist for Phelps Dodge in Mexico from 1994 to 2003 and 5 years as
Vice President of Exploration for Pediment Gold Corp. until its takeo ver by Argonaut Gold Inc. in 2011. Sonoro's
technical team in Canada is spearheaded by professional geologist Stephen Kenwood, with over 20 years of experience
in mineral exploration and development in British Columbia.

On behalf of the Board of SONORO METALS CORP.

Per:     "Kenneth MacLeod"
         KENNETH MACLEOD
         President & CEO

For further information, please contact:
Sonora Metals Corp. - Tel: (604) 632-1764
Email: info@sonorometals.com
 Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation
--->,
relating to, among other things, the Company's plans regarding the use of proceeds of the completed Offering.
Although the Company believes that such statements are reasonable, 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," "projec
--->ts,"
"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.
Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Except to the extent required by applicable
securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors
that could cause future results to differ materially from those anticipated in these forward-looking statements includ
--->e
accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter
unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other
governmental clearances necessary to carry out the Company's exploration plans, and the risk of political uncertaintie
--->s
and regulatory or legal changes in Mexico that might interfere with the Company's business and prospects. The reader
is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System
for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such
risk factors and their potential effects.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

                     THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS,
                         IS NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR
                                 DISSEMINATION IN THE UNITED STATES.

   THE SECURITIES TO BE ISSUED UNDER THE OFFERING HAVE NOT BEEN REGISTERED UNDER THE
   UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED) OR ANY STATE SECURITIES LAWS, AND
UNLESS SO REGISTERED MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS
EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE UNITED STATES SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES
     LAWS. THIS PRESS RELEASE IS ISSUED PURSUANT TO RULE 135(C) OF THE UNITED STATES
  SECURITIES ACT OF 1933 (AS AMENDED), AND DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE
    SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE
COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL
      PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
                                       JURISDICTION.
 


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