SONORO GOLD PROVIDES SURFACE RIGHTS UPDATE FOR THE CERRO CALICHE GOLD PROJECT
The Company also announces that it has completed cash payments of US $3,125,000 to the lessor, satisfying the financial obligations in year 1 of the Agreement. The Company will issue 5.0 million Common Shares (the 'Consideration Shares') to the lessor at a deemed issue price of CAD $0.15 Common Share, as a portion of the consideration payable under the Agreement. The Consideration shares will be subject to a four-month resale restriction period as from their issuance date, as required by Canadian securities regulations.
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