Sonoro Energy Ltd. announced a non-brokered private placement of 33,330,000 units at a price of CAD 0.06 per unit for the gross proceeds of 1,999,800 on August 25, 2023. Each unit consists of one common share and one common share purchase warrant. Each whole Warrant entitles the holder to purchase one common share within two years at an exercise price of CAD 0.12 per common share.

Closing of the offering is also subject to NEX and TSX Venture final acceptance. The offering is expected to close on or about September 1, 2023.