- Sonoro Gold Corp. (SGO) has upsized its non-brokered private placement
- The company will issue up to 16,000,000 units for gross proceeds of $2,400,000
- Directors and officers of the company are expected to participate in the offering
- Units, priced at $0.15, include one common share and one common share purchase warrant
- Sonoro Gold Corp. is an exploration and development company
- Sonoro Gold Corp. remained unchanged at $0.14 at 3:18 PM ET
Sonoro Gold Corp. (SGO) has upsized its previously announced non-brokered private placement for gross proceeds of up to $2,400,000.
The company will issue up to from 16,000,000 units at C$0.15 per unit. Units consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of two years from the closing at an exercise price of $0.225 per share.
All securities issued will be subject to a four-month hold period.
Sonoro Gold Corp. is an 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. remained unchanged at $0.14 at 3:18 PM ET.