SONORO METALS ANNOUNCES $5.0 MILLION UNIT PRIVATE PLACEMENT

20200723-5-Million-Private-Placement

VANCOUVER, Canada, July 23, 2020 – Sonoro Metals Corp. (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that it will undertake a non-brokered private placement offering (the “Offering”), consisting of up to 22,727,273 units (the “Units”) at a price of C$0.22 per Unit, for gross proceeds of up to C$5,000,000.  Each Unit will be comprised of one Sonoro Common share and one Common share purchase warrant.  Each warrant will entitle the holder thereof to purchase one additional Sonoro Common share for a period of three years from the closing at an exercise price of $0.30 per share.

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