BULLETIN V2025-2494
SONORO GOLD CORP. ("SGO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 18, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Surface Rights Lease Agreement (the 'Lease') dated July 3, 2025 between the Company's wholly owned Mexican subsidiary (the 'Lessee') and an arm's length party (the "Lessor"). Pursuant to the terms of the Agreement, the Lessee will acquire exclusive surface rights to Rancho El Cerro Prieto, located in Sonora, Mexico, for 12 years and 6 months (the 'Property). The Lease will consist of a total of USD$15,625,000 to be paid over the initial three years, and the issuance of 5,000,000 Common shares of the Company to the Lessor by the end of the first year. The Lease will also have an option to extend the lease for another 12 years and 6 months for a total of USD$15,625,000 in payments after the 13th year.
For further details, please refer to the Company's news release dated July 4, 2025.
_______________________________________
|
|
