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Sonoro Gold ( (TSE:SGO) ) has issued an announcement.
Sonoro Gold Corp. has increased its private placement to $4 million in response to investor demand. The funds will be used for the development of the Cerro Caliche gold project in Sonora, Mexico, and for working capital. This move is expected to strengthen the company’s financial position and support its ongoing project development efforts.
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. Sonoro Gold is supported by experienced operational and management teams with a track record in discovering and developing natural resource deposits.
Average Trading Volume: 333,720
Technical Sentiment Signal: Buy
Current Market Cap: C$53.32M
For detailed information about SGO stock, go to TipRanks’ Stock Analysis page.