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Sonoro Gold Corp SMOFF


Primary Symbol: V.SGO

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

Post by Swedeprofon Jan 27, 2022 11:42am
111 Views
Post# 34366826

I like seeing this company hold so many shares by insiders

I like seeing this company hold so many shares by insiders

Saw this on iHub and thought this article was worth sharing

"Company insiders took down almost 20% of that nancing, with Ken and me each investing an additional $100,000 in Sonoro. In addition, our senior geologist, Mel Herdrick, and our mining engineer, Jorge Diaz, each contributed almost $150,000 to the private placement. Obviously, the Company is very excited about completing the nancing. Not only does it give us the ability to move forward, it also demonstrates a lot of condence that the senior people and insiders have in the Company, that they were prepared to contribute to the nancing to the extent that each did. It's worth mentioning that we've always contributed to each of the nancings over the last three years."


https://metalsnews.com/t1394596i

This was a great read, I started a position yesterday. will continue to bid and take some asks at anything below the PP price. I'm very happy adding to a Gold developer that'll be in production later this year.

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