RE:RE:RE:RE:RE:RE:RE:RE:RE:July 31 Deadline dayI'm certainly not in the "uplist delay" camp. The relevant word here is "funding" and not "financing" essential to the uplisting. If the plan was to do a financing, then we would've heard by now via press release. The $1.5 million in the bank is the trigger for the closing of the Agreement as well as the uplisting. My bet/take is those funds will happen via warrant exercise from the May 1 PP. These become free trading September 2.
Sonoro has recently announced and completed an equity/warrant financing for $500,000 and will raise the additional minimum $1,500,000 via a to be determined funding source which could include a private placement, warrant exercise, advance or loan by individuals/entities or a combination of the sources indicated and all subject to TSXV approval.
Sonoro has submitted the Geological Report to the satisfaction of the TSXV and also has submitted an application to graduate to the TSXV, which we anticipate receiving upon finalizing the above-mentioned funding and closing the transaction.