San Marcial Spin-Out: Hidden Value at Sonoro?

Tickers: TSX-V: SGO | OTCQB: SMOFF | Frankfurt: 23SP.Sonoro Gold Corp Recorded on October 7, 2025. Chairman John M. Darch and CEO Kenneth MacLeod join Andy Millette to unpack Sonoro Gold’s latest strategy: spinning out the San Marcial gold-silver project into a separate listed company so current Sonoro shareholders would receive shares pro rata—creating parallel exposure alongside the flagship Cerro Caliche heap-leach gold project.Sonoro Gold Corp+1 What we cover Why a San Marcial spin-out now (value recognition; not diverting funds from Cerro Caliche). Financing update: recent raise priced above the prior round; fully subscribed with new participation. Permitting (MIA): approval…