Sendero Resources Completed $4.06 Million Brokered Financing

Core Viewpoint - Sendero Resources Corp. successfully closed a private placement offering, raising gross proceeds of $4,066,050 through the sale of 4,280,053 common shares at a price of $0.95 per share, which positions the company for future exploration activities [1][2][3] Financing Details - The offering was led by Stifel Nicolaus Canada Inc. as the sole agent and bookrunner, and included a partial exercise of the Agent's Option, resulting in additional gross proceeds of $57,050 from the sale of 60,053 shares [1][4] - The company paid a cash commission of $284,624 to the agent, representing 7% of the total gross proceeds, and issued 299,603 share purchase warrants to the agent [5] Use of Proceeds - The net proceeds from the offering will be utilized to fund exploration work at the Peñas Negras project, as well as for general administrative expenses and corporate purposes [6] Project Overview - Sendero Resources is focused on copper-gold exploration at its 100% owned Peñas Negras Project located in the Vicuña Belt, Argentina, which has identified multiple geological targets similar to other deposits in the region [9] - The Peñas Negras project area covers 211.77 km² and is strategically located near significant mining operations, enhancing its exploration potential [9]