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Sonoro Gold ( (TSE:SGO) ) has issued an update.
Sonoro Gold Corp. has successfully closed an oversubscribed private placement, raising CAD $2,002,500 through the issuance of 13,350,000 units. The funds will be used to advance the Cerro Caliche gold project in Sonora, Mexico, which is in the final permitting stage for an open-pit, heap leach mining operation, and for general working capital. This development is a significant step in the company’s efforts to enhance its operational capabilities and strengthen its position in the gold exploration and development industry.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed company focused on the exploration and development of gold projects. It holds the development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The company is supported by experienced operational and management teams with a track record in discovering and developing natural resource deposits.
Average Trading Volume: 287,961
Technical Sentiment Signal: Buy
Current Market Cap: C$45.08M
Find detailed analytics on SGO stock on TipRanks’ Stock Analysis page.