Sonora Gold & Silver Corp. (the "Company" or "Sonora") (TSX Venture: SOC), announces a non- brokered private placement whereby the Company will raise gross proceeds of up to CAD$250,000 by issuing up to 2,500,000 Units at a price of $0.10 per Unit. Each Unit will consist of one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.15 per share for a period of one year from the date of issue.
The proceeds of the private placement will be used for general working capital.
Sonora Gold & Silver Corp.
Ken ChurchillPresident, Chief Executive Officer and Director
For further information, please contact: Ken Churchill at 604.780.8708
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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