Sonoran Desert Copper is pleased to announce that the Company has received approval from the TSXV to close its $0.10 unit private placement financing for aggregate gross proceeds of $1 million. Further, to close the second and final tranche the Company will issue 5,200,000 Units, each Unit consisting of 1 common share of the Company and 1 common share purchase warrant, each warrant being exercisable at $0.15 for 24 months, subject to the right of the Company to accelerate the exercise period to 30 days if, after the expiry of the 4 month hold, shares of the Company close at or above $0.50 for 10 consecutive trading days. Five insiders of the Company have subscribed to the Financing for $358,000 or 3,580,000 Units, that portion of the Financing a "related ...