On April 2, 2024, Sonoro Gold Corp. closed the transaction. The company issued 12,321,580 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 616,079 in its final tranche.

The company issued a total of 23,350,009 units at a price of CAD 0.05 per unit for gross proceeds of CAD 1,167,500 in the transaction. The Company paid CAD 5,950 in finder?s fees and issued 77,000 in nontransferable three-year finder?s warrants at an exercise price of CAD 0.07 and 42,000 non-transferable two-year finder?s warrants at an exercise price of CAD 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. The transaction included participation from directors and officers of the company in the final tranche by subscribing for 4,983,500 units for gross proceeds of CAD 249,175. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 7 insiders with total existing insider involvement of 9,265,263 shares, 1 pro group with total pro group involvement: 110,000 shares.