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Sorrento Resources Ltd
Symbol SRS
Shares Issued 25,566,111
Close 2025-04-14 C$ 0.13
Market Cap C$ 3,323,594
Recent Sedar Documents

Sorrento arranges $375,000 private placement

2025-04-21 20:07 ET - News Release

Mr. Alex Bugden reports

SORRENTO RESOURCES ANNOUNCES $375,000 FINANCING

Sorrento Resources Ltd. has arranged a non-brokered private placement to raise up to $375,000 through the sale of up to five million units at a price of 7.5 cents per unit.

Each unit will comprise one common share and half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of 15 cents per share for a period of 36 months.

Finders' fees may be payable on all or any portion of the placement, which is subject to regulatory and exchange approval. The proceeds of the placement will be utilized for exploration activities at the Lord Baron and Harmsworth projects, repayment of outstanding loans (see press release dated Nov. 7, 2024), and general working capital purposes.

About Sorrento Resources Ltd.

Sorrento Resources is engaged in acquisition, exploration and development of mineral property assets in Canada. The company's objective is to locate and develop economic precious and base metal properties of merit, including the Wing Pond and Lord Baron projects, the PEG lithium project, and the Harmsworth (volcanogenic massive sulphide) project, all located in Newfoundland.

We seek Safe Harbor.

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