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Sonoro Gold Boosts Private Placement to Fund Mexican Project

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Sonoro Gold Boosts Private Placement to Fund Mexican Project

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Sonoro Gold ( (TSE:SGO) ) has provided an announcement.

Sonoro Gold Corp. has announced an increase in its non-brokered private placement to 10,000,000 units, aiming to raise CAD $1,500,000 in response to investor demand. The funds will support the development of the Cerro Caliche gold project in Sonora, Mexico, and provide working capital, potentially enhancing the company’s operational capabilities and market positioning.

More about Sonoro Gold

Sonoro Gold Corp. is a publicly listed exploration and development company with projects in Sonora State, Mexico. The company focuses on the development-stage Cerro Caliche project and the exploration-stage San Marcial project, leveraging experienced operational and management teams with a track record in discovering and developing natural resource deposits.

Average Trading Volume: 290,834

Technical Sentiment Signal: Buy

Current Market Cap: C$41.28M

Find detailed analytics on SGO stock on TipRanks’ Stock Analysis page.

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