Sonoro GOLD announces increase in private placement

* Sonoro Gold (SGO:CA [https://seekingalpha.com/symbol/SGO:CA]) said on Wednesday that it is increasing its previously announced non-brokered private placement to 10 million units for gross proceeds of C$1.5 million.
* The offering price remains $0.15 per unit and each Unit will be composed of one Sonoro common share and one common share purchase warrant.
* Each warrant will entitle the holder thereof to purchase one additional Sonoro common share for a period of two years from the closing of the private placement at an exercise price of C$0.22 per share.
* 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/20212917-sonoro-gold-announces-increase-in-private-placement]

MORE ON SONORO GOLD CORP.

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