VANCOUVER, Canada, May 13, 2022 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) announces that, due to current capital market conditions, it has decided to withdraw its previously proposed non-brokered private placement offering of up to 17,000,000 units (the “Units”) at a price of C$0.18 per Unit announced on April 25, 2022. The Company will continue to monitor market conditions to determine a more favourable time to seek additional financing.

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]

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.

“THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES”

Original Article: https://www.globenewswire.com/news-release/2022/05/13/2443060/0/en/SONORO-GOLD-WITHDRAWS-PRIVATE-PLACEMENT.html

SHARE THIS POST?

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Email
Prospector Portal

A User-Friendly Way to Explore and Analyze Global Mining Projects
Prospector brings NI 43-101 reports and mining news to one platform.

Supported by machine learning, Prospector synthesizes public technical data into an organized and searchable interface to help users find potential mineral assets, analyze technical reports, and make informed decisions.