Sendero Resources Completes Final Tranche of Private Placement

Sendero Resources Corp (TSXV:SEND) has announced the completion of its second and final tranche of a non-brokered private placement. This tranche generated $1,425,600 in gross proceeds through the issuance of 11,880,001 units at $0.12 each. Each unit comprises one common share and one common share purchase warrant, allowing holders to acquire additional shares at $0.16 until December 30, 2029.

The private placement, free from finder's fees, aligns with exemptions from prospectus requirements under relevant securities laws. The entire offering totals to 12,695,001 units, raising $1,523,400, aimed at advancing mineral property interests in Argentina and covering administrative expenses.

An insider participated in the tranche, purchasing 350,000 units for $42,000, constituting a related party transaction. Exemptions from formal valuation and minority approval were applicable, with a report to be submitted post-closing due to participation details being confirmed later.

These securities remain unregistered under the U.S. Securities Act and any offer or sale in the U.S. is restricted without registration or exemption.