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The latest update is out from Sonoro Gold ( (TSE:SGO) ).
Sonoro Gold Corp. has announced a non-brokered private placement offering of 3,500,000 units at CAD $0.15 per unit, aiming to raise CAD $525,000. The proceeds will be used for the development of the Cerro Caliche gold project in Sonora, Mexico, and for working capital. This move is expected to bolster the company’s ongoing project development and strengthen its position in the gold exploration industry.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche and San Marcial projects in Sonora State, Mexico. The company is supported by experienced operational and management teams with a strong track record in discovering and developing natural resource deposits.
Average Trading Volume: 278,435
Technical Sentiment Signal: Buy
Current Market Cap: C$43.07M
Learn more about SGO stock on TipRanks’ Stock Analysis page.