VANCOUVER, Canada, May 13, 2020 – Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO) (OTCQB: SMOFF) as a result of a review by the British Columbia Securities Commission (the “BCSC”), the Company is issuing this news release to address issues with its technical disclosure regarding its Cerro Caliche project located in the municipality of Cucurpe, Sonora, Mexico.
In a document entitled “Cerro Caliche Project Development Report dated April 28, 2020” (the “Report”) posted on the Cerro Caliche page of the Company’s website (www.sonorometals.com), and discussed in the Company’s April 28, 2020 news release and Blog post, and a May 2, 2020 corporate email, the Company made certain technical disclosures that do not comply with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Company is withdrawing and has removed the Cerro Caliche Project Development Report from its website. Investors are cautioned not to rely on the Report. The Company is amending the Report to correct problematic technical disclosures, and expects to publish a revised version in the next week.
On behalf of the Board of SONORO METALS CORP.
Per: “Kenneth MacLeod”
KENNETH MACLEOD
President & CEO
For further information, please contact:
Sonoro Metals Corp. – Tel: (604) 632-1764
Email: [email protected]
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Original Article: https://sonorometals.com/news/sonoro-withdraws-cerro-caliche-project-development-report/
