Sonoro Gold Corp Expands Private Placement Amid Investor Interest
Sonoro Gold Corp's Private Placement Expansion
Vancouver, Canada - Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) is thrilled to announce an exciting development for its investors. The company has responded to strong demand from investors by increasing its non-brokered private placement.
Details of the Offering
The Offering has been expanded to a total of 13,350,000 units, generating gross proceeds of CAD $2,002,500. This move is a testament to the confidence investors have in Sonoro Gold Corp. Each unit in the Offering is priced at $0.15, consisting of one common share and one purchase warrant. Notably, these warrants will enable holders to purchase an additional Sonoro common share for a period of two years from the closing date, at an exercise price of CAD $0.22 per share.
Finder's Fees and Investment Strategy
In line with the policies of the TSX Venture Exchange, the company plans to pay finder’s fees related to units placed with the assistance of registered securities dealers. This strategic approach will ensure that the funds raised through the Offering are efficiently utilized towards the ongoing development of the Cerro Caliche gold project and necessary working capital.
Investment in Cerro Caliche
The capital raised will be directed towards the Cerro Caliche gold project located in Sonora, Mexico. This project is a crucial part of Sonoro’s operational strategy, aimed at enhancing the company’s position in the gold mining sector. The prospect of developing this project presents an exciting opportunity not just for the company but also for its stakeholders.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly traded exploration and development company. With its Cerro Caliche project already in the development stage and the San Marcial project at the exploration stage, the company is well-positioned in the competitive landscape of mineral exploration. Sonoro’s experienced operational and management teams bring a wealth of knowledge, with notable successes in discovering and developing natural resource deposits.
Stay Updated with Sonoro Gold Corp.
To keep abreast of the latest developments at Sonoro Gold Corp., interested individuals can follow the company on multiple social media platforms. This includes channels like X, Facebook, LinkedIn, Instagram, and YouTube. Engaging with these platforms allows investors and interested parties to stay informed and actively participate in Sonoro’s journey.
Contact Information
For further information, Sonoro Gold encourages potential investors to reach out through their contact details:
Sonoro Gold Corp. - Tel: (604) 632-1764
Email: info@sonorogold.com
Frequently Asked Questions
What is the purpose of the private placement by Sonoro Gold Corp.?
The private placement aims to raise capital for the ongoing development of the Cerro Caliche gold project and to enhance working capital.
What are the key features of the units being offered?
Each unit consists of one Sonoro common share and one purchase warrant, allowing investors to buy an additional share at CAD $0.22 within two years.
Who will receive finder’s fees related to this Offering?
Finder’s fees will be paid to registered securities dealers who assist in placing units as per TSX Venture Exchange policies.
How can stakeholders follow updates about Sonoro Gold Corp.?
Stakeholders can follow Sonoro Gold on various social media platforms such as X, Facebook, LinkedIn, Instagram, and YouTube to receive updates.
Where is the Cerro Caliche project located?
The Cerro Caliche project is situated in Sonora, Mexico, and is currently in development.
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