Sonoro Options La Calera Property in Sonora, Mexico

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[{"type":"text","content":"\n\n\n\nSonoro Options La Calera Property in Sonora, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 8, 2017\n\n\n\n/THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\n\n\nVANCOUVER, Nov. 8, 2017 /CNW/ - Sonoro Metals Corp., (\"Sonoro\" or the \"Company\") (TSXV: SMO) (OTCQB: SMOFF), announces that its Mexican subsidiary, Minera Mar De Plata, SA de C.V. has entered into an option agreement (the \"Option Agreement\") with a resident of Magdalena de Kino, Sonora, Mexico (the \"Vendor\"), to acquire a 100% interest in the Calera Group of Concessions (\"Calera\") located in the municipality of Cucurpe, in northern Sonora state, Mexico.\n\nThe Calera project consists of four concessions covering 144 hectares within the Cucurpe Sonora mega-district. The Cucurpe mega-district includes Premier Gold Mines' Mercedes gold mine, Goldgroup Mining's Cerro Prieto gold mine, Agnico Eagle's recently purchased Santa Gertrudis gold mine, and other nearby gold mineralized prospect areas. \n\nThe Option Agreement provides for Sonoro to acquire a 100% interest in Calera over a 72-month period for total consideration of US$1,000,000 payable in installments as follows:\n\n\n\n\nDate\n\n\nPayment\n\n\n\nNovember 1, 2017\n\n\n$25,000 plus reimbursement of property taxes to a maximum of $15,000\n\n\n\nNovember 1, 2018\n\n\n$50,000\n\n\n\nMay 1, 2019\n\n\n$30,000\n\n\n\nNovember 1, 2019\n\n\n$30,000\n\n\n\nMay 1, 2020\n\n\n$50,000\n\n\n\nNovember 1, 2020\n\n\n$50,000\n\n\n\nMay 1, 2021\n\n\n$100,000\n\n\n\nNovember 1, 2021\n\n\n$100,000\n\n\n\nMay 1, 2...

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