02:26:07 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Sonoro Metals Corp (2)
Symbol SMO
Shares Issued 22,202,586
Close 2015-05-28 C$ 0.09
Market Cap C$ 1,998,233
Recent Sedar Documents

ORIGINAL: Sonoro Metals arranges $300,000 private placement

2015-05-29 16:18 ET - News Release

Received by email:

File: NR20150529 Proposed Private Placement.docx

/

SONORO PROPOSES $300,000 PRIVATE PLACEMENT

VANCOUVER, Canada, May 29, 2015, Sonoro Metals Corp. ("Sonoro") (TSXV: SMO), announces that it proposes to undertake a
---> non-brokered private placement of up to 3,000,000 units (the "Units") at a price of $0.10 per Unit, for gross proceed
--->s of up to $300,000 (the "Offering"). Each Unit will consist of one share and one non-transferable share purchase warr
--->ant exercisable for a term of 3 years (the "Warrants"). Each Warrant will entitle the holder thereof to purchase one c
--->ommon share of Sonoro at an exercise price of $0.12 per Warrant share during the first year following closing of the O
--->ffering, escalating to $0.15 for the second and third years, subject to the right of Sonoro to accelerate the expiry o
--->f the Warrants, if at any time after four months and one day from the issue date of the Warrants, during the term of t
--->he Warrants, the common shares of Sonoro close at a price at or above $0.25 per share for more than 20 consecutive tra
--->ding days.  There are no finders' fees being paid in connection with the Offering.
The net proceeds from the Offering will be primarily used by Sonoro for exploration expenditures on the Hilltop Gold P
--->roject in Alaska and for general working capital purposes. All securities issued in connection with the Offering will 
--->be subject to a hold period expiring four months and one day following closing of the Offering. The Offering is subjec
--->t to acceptance by the TSX Venture Exchange. 

On behalf of the Board of SONORO METALS CORP.
Per:  "Kenneth MacLeod"
 KENNETH MACLEOD
 President & CEO 


About Sonoro Metals Corp.

Sonoro Metals Corp. is a mineral exploration company with a portfolio of properties in Alaska, USA; Sonora State, Mexi
--->co; and British Columbia, Canada. Exploration on the Hilltop Gold Project in Alaska is being managed by Sonoro's proje
--->ct partner, Northern Empire Resources Corp. under the direction of its Chairman, John Robins, P.Geo. Sonoro has a skil
--->led exploration team in Mexico, headed by Hermosillo-based Chief Geologist Melvin Herdrick, with over 35 years of expe
--->rience, including 9 years as the Chief Geologist for Phelps Dodge in Mexico and 5 years as Vice President of Explorati
--->on for Pediment Gold Corp. until its takeover by Argonaut Gold in 2011. Sonoro's Chief Operating Officer, Stephen Kenw
--->ood, P.Geo., has over 20 years of experience in mineral exploration and development.

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

 
Forward-Looking Statement Cautions:  This press release contains certain "forward-looking statements" within the meani
--->ng of Canadian securities legislation, relating to, among other things, the Company's plan to undertake the Offering a
--->nd the proposed use of proceeds.  Although the Company believes that such statements are reasonable, it can give no as
--->surance that such expectations will prove to be correct. Forward-looking statements are statements that are not histor
--->ical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes,"
---> "intends," "estimates," "projects," "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 belie
--->fs, estimates and opinions of the Company's management on the date the statements are made and they involve a number o
--->f 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 ext
--->ent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obl
--->igation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, s
--->hould change. Factors that could cause future results to differ materially from those anticipated in these forward-loo
--->king statements include, possible, 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, the risk t
--->hat the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political 
--->uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The read
--->er is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' Syst
--->em 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 th
--->is release.


File: NR20150529 Proposed Private Placement.pdf

                   SONORO PROPOSES $300,000 PRIVATE PLACEMENT
VANCOUVER, Canada, May 29, 2015, Sonoro Metals Corp. ("Sonoro") (TSXV: SMO), announces that it
proposes to undertake a non-brokered private placement of up to 3,000,000 units (the "Units") at a price
of $0.10 per Unit, for gross proceeds of up to $300,000 (the "Offering"). Each Unit will consist of one share
and one non-transferable share purchase warrant exercisable for a term of 3 years (the "Warrants"). Each
Warrant will entitle the holder thereof to purchase one common share of Sonoro at an exercise price of
$0.12 per Warrant share during the first year following closing of the Offering, escalating to $0.15 for the
second and third years, 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 issue date of the Warrants, during the term of the Warrants,
the common shares of Sonoro close at a price at or above $0.25 per share for more than 20 consecutive
trading days. There are no finders' fees being paid in connection with the Offering.

The net proceeds from the Offering will be primarily used by Sonoro for exploration expenditures on the
Hilltop Gold Project in Alaska and for general working capital purposes. All securities issued in connection
with the Offering will be subject to a hold period expiring four months and one day following closing of
the Offering. The Offering is subject to acceptance by the TSX Venture Exchange.


On behalf of the Board of SONORO METALS CORP.
Per:   "Kenneth MacLeod"
       KENNETH MACLEOD
       President & CEO


About Sonoro Metals Corp.

Sonoro Metals Corp. is a mineral exploration company with a portfolio of properties in Alaska, USA; Sonora
State, Mexico; and British Columbia, Canada. Exploration on the Hilltop Gold Project in Alaska is being
managed by Sonoro's project partner, Northern Empire Resources Corp. under the direction of its
Chairman, John Robins, P.Geo. Sonoro has a skilled exploration team in Mexico, headed by Hermosillo-
based Chief Geologist Melvin Herdrick, with over 35 years of experience, including 9 years as the Chief
Geologist for Phelps Dodge in Mexico and 5 years as Vice President of Exploration for Pediment Gold Corp.
until its takeover by Argonaut Gold in 2011. Sonoro's Chief Operating Officer, Stephen Kenwood, P.Geo.,
has over 20 years of experience in mineral exploration and development.

For further information, please contact:
Sonoro 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 plan to undertake the Offering and the proposed use of proceeds. 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 a
--->re statements that are not
 historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "bel
--->ieves," "intends," "estimates,"
  "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or cond
--->itions "will," "would," "may,"
  "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Compa
--->ny cautions that Forward-
 looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the state
--->ments 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 ex
--->tent required by applicable
      securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update the
--->se forward-looking
   statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could caus
--->e future results to differ
    materially from those anticipated in these forward-looking statements include, possible, accidents and other risks
---> associated with mineral
 exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility th
--->at the Company may not be
able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, th
--->e risk that the Company
will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties an
--->d regulatory or legal changes that
might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publ
--->icly 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 t
--->he TSX Venture Exchange)
                                     accepts responsibility for the adequacy or accuracy of this release.
 


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