Sonoro Gold Completes Funding for Gold Project

Sonoro Gold Corp. (TSE:SGO) has released an update.

Sonoro Gold Corp has successfully completed the final tranche of its oversubscribed private placement, raising a total of C$1,167,500 by issuing 23,350,009 Units to fund the development of its Cerro Caliche gold project in Sonora, Mexico. Each Unit comprises a common share and a purchase warrant, with the latter allowing additional share purchases at a set price over three years. The company’s recent assessments of the Cerro Caliche project indicate a promising potential for a profitable 9-year mining operation.

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