Sonoro Gold Raises CAD $525,000 Through New Private Placement
Sonoro Gold Corp. Secures CAD $525,000 in Private Placement
Based in Vancouver, Canada, Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) has announced an exciting opportunity for investors through a private placement that aims to raise a total of CAD $525,000. This offering will consist of 3,500,000 units priced at CAD $0.15 each.
Each unit will include one common share of Sonoro and a purchase warrant. The purchase warrant allows holders to buy an additional share of Sonoro at CAD $0.22 for a period of two years following the closing.
Understanding the Purpose of the Offering
Sonoro intends to utilize the funds raised from this private placement to propel the ongoing development of its Cerro Caliche gold project located in Sonora, Mexico. Additionally, the company plans to allocate part of the capital for working expenses.
Offering investors a solid entry point into the gold exploration sector, the company assures the payment of finder’s fees for units placed through registered securities dealers, adhering to TSX Venture Exchange policies.
About Sonoro Gold Corp.
Sonoro Gold Corp. is an exploration and development company with a focus on gold mining. The company not only holds the development-stage Cerro Caliche project but also the exploration-stage San Marcial project in Sonora, Mexico. With a seasoned management team equipped with vast experience in discovering and developing natural resource deposits, Sonoro is well-positioned for growth.
In keeping up with investor interest, Sonoro Gold Corp. encourages their community to stay connected through various social media platforms, including Facebook and Instagram. This engagement allows for timely updates regarding their projects and developments, fostering transparency with their stakeholders.
Looking Ahead
The company is set to continue its focus on advancing the Cerro Caliche project, an initiative that is vital to its growth and overall strategy. With a robust exploration program in place, Sonoro aims to further understand the potential of its mining assets while providing value to its shareholders.
The completion of this private placement will pave the way for more extensive exploration efforts, ensuring that Sonoro Gold Corp. can achieve its goals in a competitive market.
Contact Information
For further inquiries, interested parties can reach out to Sonoro Gold Corp. directly. The company is accessible via phone at (604) 632-1764 or through their official email at info@sonorogold.com.
Frequently Asked Questions
What is the amount being raised in the private placement?
The private placement aims to raise CAD $525,000 through the sale of 3,500,000 units.
What does each unit in the private placement consist of?
Each unit consists of one common share and one purchase warrant, allowing the holder to purchase an additional share.
What is the purpose of the funds raised?
The funds will be used to continue the development of the Cerro Caliche gold project and to provide working capital.
Who can participate in this offering?
This offering is available to investors through registered securities dealers as part of a non-brokered private placement.
How can I stay updated on Sonoro Gold Corp's developments?
You can follow Sonoro Gold Corp. on their social media platforms and subscribe to their communications for the latest updates.
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