Sorrento Resources Amends Brokered Private Placement Offering

Core Viewpoint - Sorrento Resources Ltd. has revised its private placement offering to raise up to $4,500,000, with potential gross proceeds increasing to $5,175,000 if the Agent's Option is fully exercised [1][4]. Offering Details - The offering includes three types of units: - Premium flow-through units priced at $0.35, consisting of one common share and one warrant [1] - Flow-through units priced at $0.30, consisting of one common share and half a warrant [1] - Regular units priced at $0.25, consisting of one common share and one warrant [1] - Each whole warrant allows the purchase of one common share at an exercise price of $0.35 for up to 24 months post-closing [2]. Use of Proceeds - Net proceeds from the Premium FT Units and FT Units will fund eligible Canadian exploration expenses related to the company's projects in Newfoundland and Labrador [3] - Proceeds from the regular Units will support ongoing exploration drilling, working capital, and general corporate purposes [3]. Closing and Conditions - The offering is expected to close around October 30, 2025, subject to necessary approvals, including from the Canadian Securities Exchange [6]. - The securities will have a hold period of four months and one day from the closing date [6]. Agent's Role and Compensation - Research Capital Corporation acts as the sole agent and bookrunner, receiving a cash fee of 6.0% of gross proceeds and broker warrants equal to 6.0% of the total units sold [7].