nr_20190318_sonoro_proposes_650-000_private_placement_financing_final

ANCOUVER, Canada, March 18, 2019, 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 3,612,000 units (the “Units”) at a price of $0.18 per Unit, for gross proceeds of up to $650,160 (the “Offering”).  Each Unit will consist of one common share and one-half of a common share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle the holder thereof to purchase one common share of Sonoro at an exercise price of $0.27 during the one year following the closing of the Offering.  The Company does not anticipate that it will be pay any finder’s fees or commissions in connection with the Offering.