- Sonoro Gold Corp. (SGO) has announced a non-brokered private placement offering consisting of up to 13,500,000 units
- Each unit will be offered at a price of C$0.15 per unit for gross proceeds of up to $2,025,000
- Each warrant acquired will entitle the holder to purchase one additional Sonoro common share for a period of two years from the closing at an exercise price of $0.225 per share
- Sonoro plans to use the net proceeds from the offering to fund the ongoing development of a proposed heap leach mining operation at the company’s Cerro Caliche gold project
- Sonoro Gold Corp. is an exploration and development company holding
- Sonoro Gold Corp. was unchanged at $0.15 at 10:19 AM ET
Sonoro Gold Corp. (SGO) has announced a non-brokered private placement offering for gross proceeds of up to $2,025,000.
The company will issue up to 13,500,000 units for C$0.15 per unit.
Each unit will consist of one Sonoro common share and one common share purchase warrant.
Each warrant acquired will entitle the holder to purchase one additional Sonoro common share for a period of two years from the closing at an exercise price of $0.225 per share.
Sonoro plans to use the net proceeds from the offering to fund the ongoing development of a proposed heap leach mining operation at the Cerro Caliche gold project in Sonora, Mexico.
All securities issued and issuable in connection with the offering will be subject to a 4-month hold period in Canada from the closing date.
Sonoro Gold Corp. is a publicly listed exploration and development company holding the near-development-stage Cerro Caliche project and the exploration-stage San Marcial Project in Sonora State, Mexico.
Sonoro Gold Corp. was unchanged at $0.15 at 10:19 AM ET.