Sonoro Gold Corp. Raises CAD $3M for Cerro Caliche Project
Sonoro Gold Corp., a publicly listed exploration and development company, has successfully completed a fully-subscribed non-brokered private placement. The CAD $3,000,000 raise will fund the development of their Cerro Caliche gold project in Sonora, Mexico.
The company offered 15,000,000 units at CAD $0.20 per unit. Each unit consists of one Sonoro common share and one common share purchase warrant, exercisable at CAD $0.28 per share for three years. The offering is expected to close on or about October 20, 2025, and may include participation from insiders.
Sonoro Gold Corp. has experienced operational and management teams with proven track records in natural resource discovery and development. The funds raised will be used to secure 100% ownership of the concessions and conduct an updated Preliminary Economic Assessment for the gold project. Additionally, funds will be allocated for the Change of Land Use payment (ETJ) required for mining operations in Mexico.
The successful private placement demonstrates investor confidence in Sonoro Gold Corp.'s projects and management. The funds raised will support the development of the Cerro Caliche gold project, potentially leading to increased production and value for shareholders.
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