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Sonoro Gold ( (TSE:SGO) ) just unveiled an announcement.
Sonoro Gold Corp. has announced a fully-committed non-brokered private placement offering of 20,000,000 units at CAD $0.20 per unit, raising gross proceeds of CAD $4,000,000. The proceeds will be used to advance the Cerro Caliche gold project in Sonora, Mexico, and for general working capital purposes. This move is expected to bolster the company’s operations and enhance its position in the gold exploration and development industry.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico. The company is known for its experienced operational and management teams with a strong track record in discovering and developing natural resource deposits.
Average Trading Volume: 292,016
Technical Sentiment Signal: Buy
Current Market Cap: C$55.92M
Learn more about SGO stock on TipRanks’ Stock Analysis page.