Sendero Resources Announces First Tranche Closing of Its Non-Brokered Private Placement
SENDERO RESOURCES ANNOUNCES FIRST TRANCHE CLOSING OF ITS NON-BROKERED PRIVATE
PLACEMENT
Vancouver, British Columbia – (December 24, 2024) – Sendero Resources Corp. (TSXV: SEND) (the
“Company” or “Sendero”) is pleased to announce that it has now completed a first tranche (the “ First
Tranche”) of its non-brokered private placement (the “Offering”) of units of the Company (each a “Unit”)
previously announced on December 12, 2024. Under the First Tranche of the Offering 815,000 Units were
issued at a price of $0.12 per Unit for gross proceeds of $ 97,800. The Company expects to close the
balance shortly
Each Unit consists of one common share of the Company (each a “ Common Share”) and one common
share purchase warrant (each whole warrant a “Warrant”). Each Warrant shall be exercisable to acquire
one (1) additional Common Share at an exercise price of $0.16 until December 23, 2029.
No finder’s fees were paid in connection with the First Tranche. The Units were offered by way of private
placement pursuant to exemptions from prospectus requirements under applicable securities laws. All
securities issued under the First Tranche are subject to a hold period expiring April 24, 2025, in accordance
with applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”).
The Offering has received conditional approval from the TSXV.
The Company intends to use the net proceeds raised from the Private Placement to develop its mineral
property interests in Argentina, and for general administrative expenses and working capital purposes.
The securities offered have not been, and will not be, registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or
sold in the United States absent registration or an available exemption from the registration requirement
of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
About Sendero Resources Corp.
The Company is focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña
Belt in Argentina. The Peñas Negras Project has similar geological characteristics to other deposits in the
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Vicuña Belt and a cluster of porphyry and epithermal targets have been identified on the project. The
Company, through its wholly owned subsidiary, Barton SAS, is the holder of ten granted mining
concessions covering 120 km 2 in the province of La Rioja, Argentina. The Company also has an option
agreement to earn 80% interest on eight granted mining concessions covering 91.7 km2 adjacent to the
East of the Peñas Negras Project.
Further Information
For further information, please contact:
Sendero Resources Corp,
Alex Gostevskikh Chief Executive Officer
Email: [email protected]
Cautionary Statement on Forward-Looking Information
This press release contains “forward-looking information” and “forward-looking statements” (collectively,
“forward-looking statements ”) within the meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, are forward -looking statements and are based on
expectations, estimates and projections as at the date of this press release. Any statement that involves
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases such as “expects”, or “does not expect”,
“is expected ” “anticipates” or “does not anticipate ”, “plans”, “budget”, “scheduled”, “forecasts”,
“estimates”, “believes” or intends” or variations of such words and phrases or stating that certain actions,
events or results “ may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward -looking statements. Forward -looking statements are
necessarily based upon a number of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other factors which may cause the actual results
and future events to differ materially from those expressed or implied by such forward -looking
statements. 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 the forward -looking statements and information contained in this
press release. Except as required by law, the Company does not assume any obligation to update the
forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except
as required by law.
Cautionary Statement
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.