Sonoro Enters into Fiscal Advisory Services Agreement
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SONORO ENTERS INTO FISCAL ADVISORY SERVICES AGREEMENT
VANCOUVER, Canada, February 28, 2019 -- Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP),
(“Sonoro” and the “Company”), is pleased to announce that is has entered into a Fiscal Advisory Service s
Agreement (the “Agreement”) with InProved Pte. Ltd. (“InProved”), a Singapore-based financial advisory
services firm specializing in structuring non-recou rse debt for the Energy and Resource sectors, led by its
Founder and Managing Partner, Huan Johnson Koh.
Pursuant to the Agreement, InProved will provide fis cal advisory services to Sonoro, including assisting
Sonoro in structuring and seeking debt financing to support Sonoro’s plans to further the exploration a nd
potential development of its Cerro Caliche gold pro ject in Sonora, Mexico. During the 240-day term of t he
Agreement, InProved will be the exclusive financial advisor to Sonoro with respect to such debt financ ing
transactions and will be entitled to receive certai n success fees and the reimbursement of its reasona ble
expenses.
“We are excited to work with InProved to access ins titutional investors and Asian investor markets, with the
intent of completing a non-dilutive financing for t he construction of a pilot gold operation at our Ce rro
Caliche project,” said Kenneth MacLeod, President and CEO of Sonoro. “Our goal is to mitigate shareholde r
dilution by using revenues from the proposed operat ion to fund future exploration and development at o ur
Cerro Caliche and San Marcial properties.”
In connection with and during the first work phase under the Agreement, Sonoro intends to engage an
independent engineering firm to prepare an NI 43-101 compliant pre-feasibility study to assess the viability of
the development of a heap leach plant at Cerro Cali che. Depending on the outcome of that technical
assessment, Sonoro will have the option to proceed with or terminate the Agreement.
“InProved and its associates have been following Sonoro’s exploration campaign at Cerro Caliche for the past
year and consider the company’s management, technical team and the Cerro Caliche project to be
exceptional,” stated Huan Koh, Managing Director at InProved Singapore. “Consequently, we view Cerro
Caliche as an ideal entry point into Gold for Asian investors, institutional investors and mine contractors.”
About Sonoro Metals Corp.
Sonoro Metals Corp. is a publicly listed exploratio n and development company with a portfolio of
exploration-stage precious metal properties in Sono ra 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 METALS CORP.
Per: “Kenneth MacLeod”
KENNETH MACLEOD
President & CEO
For further information, please contact:
Sonoro Metals Corp. - Corporate Communications:
Bill Campbell – Tel: (604) 565-5609
Email: [email protected]
Forward-Looking Statement Cautions: This press release contains certain "forward-lookin g statements" within the meaning of Canadian
securities legislation, relating to, among other th ings, the relationship between Sonoro and InProved and Sonoro’s plans for future debt
financing transactions, and Sonoro’s plans to engag e an independent firm to prepare a pre-feasibility study of the Cerro Caliche project.
Although the Company believes that such statements are reasonable based on current circumstances, it c an give no assurance that such
expectations will prove to be correct. Forward-look ing statements are statements that are not historic al facts; they are generally, but
not always, identified by the words "expects," "pla ns," "anticipates," "believes," "intends," "estimat es," "projects," "aims," "potential,"
"goal," "objective," "prospective," and similar exp ressions, or that events or conditions "will," "wou ld," "may," "can," "could" or
"should" occur, or are those statements, which, by their nature, refer to future events. The Company c autions that forward-looking
statements are based on the beliefs, estimates and opinions of the Company's management on the date th e statements are made and
they involve a number of risks and uncertainties, i ncluding the risk that the anticipated benefits of the Agreement fail to materialize, the
possibility of unfavourable exploration results, th e lack of sufficient future financing to carry out exploration plans, and unanticipated
changes in the legal, regulatory and permitting req uirements for the Company’s exploration programs. T here can be no assurance that
such statements will prove to be accurate, as actua l results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place u ndue reliance on forward-looking statements. The Co mpany disclaims any intention
or obligation to update or revise any forward-looki ng statements, whether as a result of new informati on, future events or otherwise,
except as required by law or the policies of the TS X Venture Exchange. Readers are encouraged to revie w the Company’s complete
public disclosure record on SEDAR at www.sedar.com.
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