Sonoro Gold announces $525,000 private placement

* Sonoro Gold (TSXV:SGO:CA [https://seekingalpha.com/symbol/SGO:CA]) launched a non-brokered private placement offering consisting of 3.5M units at a price of CAD $0.15 per unit, for gross proceeds of CAD $525,000.
* Each unit will be composed of one Sonoro common share and one common share purchase warrant.
* The net proceeds from the Offering will be used to fund the ongoing development of the company’s Cerro Caliche gold project in Sonora, Mexico as well as working capital.
* Source: Press Release [https://seekingalpha.com/pr/20206369-sonoro-gold-announces-525000-private-placement]

MORE ON SONORO GOLD

* Financial information for Sonoro Gold Corp. [https://seekingalpha.com/symbol/SGO:CA/income-statement]