Sonoro announces closing of private placement and update on operations

CALGARY, Canada (March 26, 2018)--Sonoro Energy Ltd. (“Sonoro” or the “Company”) (TSXV: SNV) is pleased to announce the closing of a non-brokered private placement for total gross proceeds of $1,451,602.

The Company sold 29,032,039 units (a “Unit”) at a price of $0.05 per Unit where each Unit consists of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”) of the Company, where each whole Warrant entitles the holder to purchase one Common Share within two years at a price of $0.10 per Common Share. Proceeds will be used for general corporate purposes and pursuit of new business opportunities.

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