SONORO PROPOSES $500,000 PRIVATE PLACEMENT FINANCING

Sonoro_15102018_nr

VANCOUVER, Canada, October 15, 2018, Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (“Sonoro” and the “Company”), announces that the Company proposes to undertake a non-brokered private placement of up to 5,000,000 units (the “Units”) at a price of $0.10 per Unit, for gross proceeds of up to $500,000 (the “Offering”). Each Unit will consist of one share and one non-transferable share purchase warrant exercisable for a term of 2 years (the “Warrants”). Each Warrant will entitle the holder thereof to purchase one common share of Sonoro at an exercise price of $0.15 per Warrant share during the two years following closing of the Offering, subject to the right of Sonoro to accelerate the expiry of the Warrants, if at any time after six months and one day from the issue date of the Warrants, during the term of the Warrants, the common shares of Sonoro close at a price at or above $0.30 per share for more than 20 consecutive trading days. There are no finders’ fees being paid in connection with the Offering

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