VANCOUVER, Canada, April 02, 2024 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) ("Sonoro" or the "Company") is pleased to announce that it has closed the final tranche of its over-subscribed non-brokered private placement (the "Offering") for additional gross proceeds of C$616,079. Together with the first tranche of the Offering, the Company issued 23,350,009 units (the "Units") at a price of C$0.05 per Unit, for gross proceeds of C$1,167,500.
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.
The net proceeds from the Offering will be used to fund the ongoing development of the Company's Cerro Caliche gold project in Sonora, Mexico.
In connection with the Offering, the Company paid $5,950 in Finder's fees and issued 77,000 in non-transferable three-year Finder's Warrants at an exercise price of $0.07 and 42,000 non-transferable two-year Finder's Warrants at an exercise price of $0.05 for a total of 119,000 Finder's Warrants.
All securities issued and issuable in connection with the Final Tranche are subject to a 4-month plus one day hold period ending July 29, 2024. The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange.
Directors and Officers of the Company participated in the final tranche by subscribing for 4,983,500 Units for gross proceeds of C$249,175, constituting a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101, as the fair market value of the transaction did not exceed 25% of the Company's market capitalization.
加拿大溫哥華，2024年4月2日（GLOBE NEWSWIRE）——Sonoro Gold Corp.（TSXV：SGO | OTCQB：SMOFF | FRA：23SP）（“索諾羅” 或 “公司”）欣然宣佈，已完成超額認購的非經紀私募配售（“發行”）的最後一部分，總收益爲616,079加元。連同第一批發行，公司發行了23,350,009個單位（“單位”），價格爲每單位0.05加元，總收益爲1,167,500加元。
每個單位由一股Sonoro普通股和一份普通股購買權證組成。每份認股權證的持有人有權在私募股結束後的三年內以每股0.07加元的行使價額外購買一股Sonoro普通股。
本次發行的淨收益將用於資助該公司在墨西哥索諾拉州的Cerro Caliche黃金項目的持續開發。
在本次發行中，公司支付了5,950美元的Finder費用，併發行了77,000份不可轉讓的三年期Finder認股權證，行使價爲0.07美元，發行了42,000份不可轉讓的兩年期發現者認股權證，行使價爲0.05美元，共發行了119,000份Finder認股權證。
與最後一批相關的所有已發行和可發行證券的持有期爲4個月加一天，截至2024年7月29日。本次發行已獲得多倫多證券交易所風險交易所的有條件接受，但仍需收到多倫多證券交易所風險交易所的最終認可。
公司董事和高級管理人員參與了最後一筆交易，認購了4,983,500個單位，總收益爲249,175加元，這是根據多倫多證券交易所風險交易所政策5.9和多邊文書61-101——在特別交易中保護少數股權持有人（“MI 61-101”）進行的關聯方交易。由於該交易的公允市場價值不超過公司市值的25％，該公司依靠密歇根州61-101第5.5（a）條豁免正式估值要求，並依靠密歇根州61-101第5.7（1）（a）條豁免小股東批准要求。
