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Multiple insider buying at Sonoro Metals (V:SMO)

Updated Friday Apr 05, 2019 02:45 AM EDT

Neil Herman Junior Maedel, a Director and Deemed Insider, acquired 285,000 Common Shares at a price of $0.18 and 142,500 Warrants exercisable at $0.27 for a period of one year on a direct ownership basis through a prospectus or prospectus exempt offering on April 2nd, 2019. This represents a $51,300 investment into the company's shares and an account share holdings change of greater than 100%.

Under the same terms:

Kenneth MacLeod, CEO and Director, acquired 160,000 Common Shares and 80,000 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on April 2nd, 2019. This represents a $28,800 investment into the company's shares and an account share holdings change of 3.9%.

Melvin Allen Herdrick, a Senior Officer, acquired 105,000 Common Shares and 52,500 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on April 2nd, 2019. This represents a $18,900 investment into the company's shares and an account share holdings change of 16.4%.

Stephen Kenwood, a Director, acquired 100,000 Common Shares and 50,000 Warrants on an indirect ownership basis for registered holder 0713708 BC Ltd through a prospectus or prospectus exempt offering on April 3rd, 2019. This represents a $18,000 investment into the company's shares and an account share holdings change of 12.1%.

Sonoro Metals is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Sonoro Metals Corp. is an exploration-stage company. The Company is engaged in the acquisition, exploration and development of exploration and evaluation assets. The Company operates through the exploration of mineral properties segment. The Company's subsidiary, Minera Mar De Plata, S.A. de C.V., holds an interest in the Chipriona and Los Pinos properties, located in Sonora State, Mexico. Chipriona consists of over four concessions totaling approximately 410 hectares and adjoins Agnico Eagle's La India and Tarachi deposits. The Los Pinos property is approximately three kilometers west of Chipriona. The Company's subsidiary, Minera Breco, S.A. de C.V., holds the San Marcial project, located in Sonora State, Mexico, which consists of over three contiguous mineral concessions. It has interest in approximately 1,280 hectare Monroe Property located in the Fort Steele Mining Division in southeastern British Columbia. Sonoro Metals Corp. (SMO) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, four insiders have invested a total amount of $117,000.

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