$SGO announced $3M private placement Sonoro Gold ($SGO.v $SMOFF) just announced a $3M non-brokered private placement for up to 17M units at $0.18.
The net proceeds from the offering will be used to fund the ongoing development of a heap leach mining operation at $SGO's Cerro Caliche project in Sonora, Mexico.
Allocated mainly towards permitting, land agreements, drilling, and technical studies, the placement will provide sufficient capital to complete several key steps in the development of the proposed mining operation.
As $SGO nears the completion of the Stage IV drilling campaign which successfully returned multiple higher-grade intercepts and extended several mineralized zones on the property, this will allow them to update the project's estimated resource and assess the potential economic impact of the new drilling data on the proposed operation.
https://financialpost.com/globe-newswire/sonoro-gold-announces-3-million-private-placement
This announcement comes on the heels of an updated executive summary from $SGO, covering the company highlights, Cerro Caliche Gold Project, and timeline until May 2022:
https://sonorogold.com/wp-content/uploads/2022/03/2022.03.24_Sonoro-Gold_General.pdf
It seems there is lots in store for $SGO in the near future so I'm going to be keeping a close eye on them