Sonoro Gold raises CAD $4 million through private placement
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) announced a fully-committed non-brokered private placement offering of 20,000,000 units at CAD $0.20 per unit for gross proceeds of CAD $4,000,000.
Each unit consists of one common share and one warrant. The warrants entitle holders to purchase additional common shares at CAD $0.28 per share for three years following the closing date.
The offering is expected to close on or about December 22, 2025, with no finder's fees. All securities will be subject to a four-month hold period plus one day in Canada from the closing date, pending TSX Venture Exchange acceptance.
The company stated proceeds will be used to advance its Cerro Caliche gold project in Sonora, Mexico and for general working capital purposes.
Sonoro Gold operates as an exploration and development company with the development-stage Cerro Caliche project and exploration-stage San Marcial project, both located in Sonora State, Mexico.
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