On September 8, 2023, Sonoro Energy Ltd. closed the transaction. The company has now issued 29,223,600 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 1,753,416. The securities issued will be subject to a four month and one day hold period from the date of issuance of such securities and are subject to TSXV approval. Assuming satisfaction of such conditions, it is expected that the graduation from NEX to TSXV will occur on or about Thursday, September 14, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 26 placees and 3 existing insiders for 1,583,333 units.