” Sonoro GOLD Announces $3.6 Million Private Placement
“THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES”
SONORO GOLD ANNOUNCES $3.6 MILLION PRIVATE PLACEMENT
VANCOUVER, Canada, November 15, 2021 – Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA:
23SP) (“Sonoro” or the “Company”) is pleased to announce that it will undertake a non-brokered
private placement offering (the "Offering") consisting of up to 20,000,000 units (the “Units”) at a price
of C$0.18 per Unit, for gross proceeds of up to C$3,600,000. Each Unit will be composed 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 $0.30 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. 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. The Offering is subject to TSX Venture Exchange acceptance.
The net proceeds from the Offering will be used to fund a 10,000-meter drilling campaign,
commencing this month, at the Company’s Cerro Caliche Gold Project in Sonora, Mexico. Details on
the drilling program were announced on October 25, 2021 and the construction of access roads and
drill pads has been initiated. Proceeds from the Offering will also be used for concession maintenance
and general working capital.
Sonoro’s Chairman of the Board, John Darch, stated, “The drilling program will proceed alongside the
proposed development of a Heap Leach Mining Operation (HLMO) as outlined in the recently-
completed Preliminary Economic Assessment (“PEA”). The objective of the drilling campaign is to
expand the project’s oxide gold mineralization and target higher-grade, near-surface mineralization
identified during a recent surface sampling program. Increasing the size and grade of the resource
could potentially improve the economics of the project and extend operations.”
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: [email protected]
Forward-Looking Statement Cautions:
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, including statements regarding the amount of financing proposed to be raised,
intended use of the financing proceeds, and outlook for the results of the contemplated drilling program. 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 of unfavorable exploration and test results, the lack of sufficient future financing to carry out exploration and
development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s
exploration programs. 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.
“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.”
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.