VANCOUVER, Canada, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) ('Sonoro” or the 'Company”) is pleased to announce that it has closed an over-subscribed non-brokered private placement (the 'Offering”) of 17,500,000 units (the 'Units”) at a price of C$0.05 per Unit, for gross proceeds of C$875,000.
Each Unit consists of one Sonoro common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional Sonoro common share for a period of three years from the closing of the private placement at an exercise price of C$0.07 per share.