Sonoro Gold announces CAD$525,000 private placement offering

Sonoro Gold Corp. (TSXV: SGO) announced a non-brokered private placement offering of 3.5 million units at CAD$0.15 per unit for gross proceeds of CAD$525,000.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional shares at CAD$0.22 per share for two years from the closing date.

The company may pay finder's fees to registered securities dealers as permitted under TSX Venture Exchange policies. All securities will be subject to a four-month plus one-day hold period in Canada from closing.

Sonoro plans to use net proceeds to fund development of its Cerro Caliche gold project in Sonora, Mexico, and for working capital. The offering requires TSX Venture Exchange acceptance.

The Vancouver-based company holds the development-stage Cerro Caliche project and exploration-stage San Marcial project in Sonora State, Mexico.

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