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Sonoro Gold ( (TSE:SGO) ) just unveiled an update.
Sonoro Gold Corp. has announced an increase in its non-brokered private placement due to strong investor demand, raising CAD $2,002,500 through the issuance of 13,350,000 units. The proceeds will be used to advance the company’s Cerro Caliche gold project in Mexico and for working capital, positioning Sonoro to further its development goals and potentially enhance its market position in the gold exploration sector.
More about Sonoro Gold
Sonoro Gold Corp. is a publicly listed exploration and development company focused on the Cerro Caliche project and the San Marcial project in Sonora State, Mexico. The company is supported by experienced operational and management teams with a track record in discovering and developing natural resource deposits.
Average Trading Volume: 311,654
Technical Sentiment Signal: Buy
Current Market Cap: C$41.42M
Learn more about SGO stock on TipRanks’ Stock Analysis page.