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SURE > SEC Filings for SURE > Form 8-K on 5-May-2014All Recent SEC Filings

Show all filings for SONORA RESOURCES CORP.



Triggering Events That Accelerate or Increase a Direct Financial Obligatio

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

Sonora Resources Corp. ("Sonora" or the "Company"), a mineral exploration and development company focused on the acquisition and exploration of international silver and gold mining properties, announced that on April 25, 2014 First Majestic Silver Corp., an existing shareholder and creditor of the Company, demanded repayment of Promissory Notes and interest totaling $311,109 by April 28, 2014.

The Company is attempting to resolve the above matter. However, the results of such negotiations and an outcome in the Company's favor cannot be assured. If the Company is not successful in negotiating the above matters, it may have to restructure its operations, divest all or a portion of its business, or file for bankruptcy.

The above descriptions are intended only as a summary of the Demand Letter from First Majestic dated April 25, 2014 The Demand Letter is filed as Exhibit 10.1 and is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits -

Exhibit No.   Description
   10.1       Demand Letter dated April 25, 2014 by and between
              Sonora Resources Corp. and First Majestic Silver

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