Sonoro Gold Corp. announced a non-brokered private placement of up to 3,500,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 525,000 on October 6, 2022. Each unit will be composed of one common share and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one additional common share for a period of two years from the closing of the transaction at an exercise price of CAD 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. All securities issued will be subject to a 4-month hold period in Canada from the closing date.

The transaction is subject to TSX Venture Exchange acceptance.