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Sorrento Resources Announces Listed Issuer Financing Exemption (LIFE) Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Sorrento Resources Ltd. (CSE: SRS) (OTCQB: SRSLF) (the "Company" or "Sorrento"), a Canadian exploration company focused on the acquisition, exploration, and development of mineral projects in Atlantic Canada, is pleased to announce a non-brokered private placement of up to 8,000,000 units of the Company (the "Units") at a price of CDN$0.25 per Unit for gross proceeds of up to CDN$2,000,000 (the "Offering").Each unit (a "Unit") is
About this update from Sorrento Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Sorrento Resources Ltd. (CSE: SRS) (OTCQB: SRSLF) (the "Company" or "Sorrento"), a Canadian exploration company focused on the acquisition, exploration, and development of mineral projects in Atlantic Canada, is pleased to announce a non-brokered private placement of up to 8,000,000 units of the Company (the "Units") at a price of CDN$0.25 per Unit for gross proceeds of up to CDN$2,000,000 (the "Offering").","length":517,"tagName":"p"},{"type":"text","content":"Each unit (a "Unit") is comprised of one common share of the Company (a "Share") and one common share purchase warrant of the Company (a "Warrant"). Each Warrant will be exercisable to acquire one common share of the Company at an exercise price of $0.35 per share for a period of 24 months from the date of closing.","length":346,"tagName":"p"},{"type":"text","content":"The Offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions to the Listed Issuer Financing Exemption (the "LIFE Exemption") to purchasers resident in each of the Provinces of Canada, except Quebec. The Units issued pursuant to the LIFE Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There will be an offering document related to the Offering that will be available under the Company's profile at www.sedarplus.ca and on the Company's website at: www.sorrentoresources.ca. Prospective investors should read this offering document before making an investment decision.","length":815,"tagName":"p"},{"type":"text","content":"Pursuant to the Offering, the Company may pay a (i) a finder's fee equal to up to 6% of the aggregate gross proceeds of the Offering and (ii) issue non-transferrable warrants of the Company equal to 6% of the number of Units sold under the Offering exercisable at any time prior to the date that is 24 months from the date of closing to acquire shares, at an exercise price of $0.35.","length":387,"tagName":"p"},{"type":"text","content":"The Company plans to use the net proceeds of the Offering for exploration expendi...