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Sonoro Gold Corp V.SGO

Alternate Symbol(s):  SMOFF

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total area of 1,350.10 hectares (ha). The San Marcial Project is located in the Santa Ana Municipality of Sonora State in northwestern Mexico and is comprised of four contiguous mining concessions held by the Company’s wholly owned Mexican subsidiary Minera Breco, S.A. de C.V. (Breco). The 1,015.80-ha project is situated at the southern end of the prolific Sonora-Mojave Megashear, a regional scale structural system measuring approximately 50 kilometers in width and 500 kilometers in length.


TSXV:SGO - Post by User

Comment by Swedeprofon Apr 19, 2021 3:48pm
124 Views
Post# 33023467

RE:Further dilution to fund the actual building of the project

RE:Further dilution to fund the actual building of the projectI've heard a couple things from the company that they have a couple interested parties in discussion now to raise the funds through debt financing. We may not need equity financing to take the mine into production. Regardless, when the PEA is released and number look great (i think they are going to amaze people! The way these 3 pits are morphing into 1 giant open pit mine operation will make the economics drastically better!), the share price will be significantly higher. They certainly won't be doing an equity raise down here to finance the CAPEX. i'm not worried.
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