Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sonoro Gold ( (TSE:SGO) ) has shared an update.
Sonoro Gold Corp. has successfully closed an oversubscribed private placement, raising CAD $4.1 million through the sale of 20,500,000 units. The proceeds will be used to advance the Cerro Caliche gold project in Sonora, Mexico, including securing full ownership of the mining concessions and funding necessary permits and assessments. Additionally, funds will support the spin-off of the San Marcial project into a subsidiary, Oronos Gold Corp., enhancing Sonoro’s strategic positioning in the mining sector.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed exploration and development company focused on natural resource deposits. It operates the Cerro Caliche project, which is in the development stage, and the San Marcial project, which is in the exploration stage, both located in Sonora State, Mexico. The company is supported by experienced operational and management teams with proven track records in resource discovery and development.
Average Trading Volume: 342,563
Technical Sentiment Signal: Buy
Current Market Cap: C$52.02M
For a thorough assessment of SGO stock, go to TipRanks’ Stock Analysis page.