Sonoro Energy Ltd. announced a non-brokered private placement of 33,330,000 common share/warrant unit at a price of CAD .015002 for gross proceeds of CAD 500,000 on May 1, 2023. The transaction will include participation from management and insiders. Each unit consists of one CAD 0.015 common share and one common share purchase warrant, where each whole warrant entitles the holder to purchase one common share within 12 months at a price of CAD 0.05 per common share.

The securities issued in connection with the offering will be subject to a four month and one day hold period from the date of issuance of such securities.