SONORO GOLD ANNOUNCES $0.5 MILLION PRIVATE PLACEMENT
Dear Valued Shareholder,
Today Sonoro Gold announced a non-brokered private placement for $525,000. The financing is priced at C$0.15 per unit, consisting of one common share and one two-year warrant at an exercise price of C$0.225 per share. To view the News Release, please Click Here.
The primary purpose of the financing is to accommodate a select group of participants who were unfortunately too late to participate in the June 2022 private placement. We believe these investors will be a valuable addition to our expanding shareholder base.
As with the previous financing, proceeds from the current financing will be used for the ongoing development of a proposed heap leach mining operation at the Company’s Cerro Caliche gold project in Sonora, Mexico.
The project is currently in the permitting phase and we are working to update the resource estimate to include over 7,200 meters of reverse circulation drilling completed in May 2022. The updated resource will also include results from an underground channel sampling program completed at a historic underground tunnel located in the southwestern part of the property.
To view the results from the sampling program, please Click Here or for the latest corporate presentation, please Click Here.
Kindest Regards,
John M. Darch, Chairman
Sonoro Gold Corp.
