SONORO GOLD INCREASES PRIVATE PLACEMENT TO $2.4 MILLION
June 21 2022 - 6:30AM
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro”
or the “Company”) is pleased to announce that, in response to
strong investor demand, the Company is increasing its previously
announced non-brokered private placement (the "Offering") from
13,500,000 Units to 16,000,000 Units for gross proceeds of up to
$2,400,000.
Directors and officers of the Company are
expected to participate in the Offering by subscribing for
4,516,828 Units for gross proceeds of $677,524 constituting a
related party transaction pursuant to TSX Venture Exchange Policy
5.9 and Multilateral Instrument 61-101, Protection of Minority
Security Holders in Special Transactions. To the extent that the
transactions constitute a related party transaction, Sonoro intends
to rely on exemptions from the associated formal valuation and
shareholder approval requirements.
The Offering price remains $0.15 per Unit, each
comprised of one Sonoro Common share and one Common share purchase
warrant. Each warrant will entitle the holder thereof to purchase
one additional Sonoro Common share for a period of two years from
the closing at an exercise price of $0.225 per share.
The Company intends to pay finder’s fees as
permitted under the policies of the TSX Venture Exchange in respect
of Units placed with the assistance of registered securities
dealers. The Offering is subject to TSX Venture Exchange
acceptance. All securities issued and issuable in connection with
the Offering will be subject to a 4-month hold period in Canada
from the closing date.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed
exploration and development Company holding the
near-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 track records for the discovery and development of
natural resource deposits.
On behalf of the Board of Sonoro Gold
Corp.Per: “Kenneth
MacLeod” Kenneth
MacLeod President
& CEO
For further information, please contact: Sonoro Gold Corp. -
Tel: (604) 632-1764 Email: info@sonorogold.com
This press release may contain "forward-looking
information" as defined in applicable Canadian securities
legislation. All statements other than statements of historical
fact, included in this release, including, without limitation,
statements regarding the Cerro Caliche project, and future plans
and objectives of the Company, constitute forward looking
information that involve various risks and uncertainties. Although
the Company believes that such statements are reasonable based on
current circumstances, 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", "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 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,
including the possibility that the Offering will not be fully
subscribed, Company directors and officers may not participate in
the Offering to the extent anticipated, and the Exchange
withholding its acceptance of the Offering. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law or the
policies of the TSX Venture Exchange. Readers are encouraged to
review the Company’s complete public disclosure record on SEDAR at
www.sedar.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
This press release does not constitute
or form a part of any 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, as amended (the “Securities Act”), or
with any securities regulatory authority of any state or other
jurisdiction in the United States, and may not be offered or sold,
directly or indirectly, within the United States or to, or for the
account or benefit of, U.S. persons, as such term is defined in
Regulation S under the Securities Act (“Regulation S”), except
pursuant to an exemption from or in a transaction not subject to
the registration requirements of the Securities Act”
Sonoro Gold (TSXV:SGO)
Historical Stock Chart
From Dec 2024 to Jan 2025
Sonoro Gold (TSXV:SGO)
Historical Stock Chart
From Jan 2024 to Jan 2025