Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:SGO - Post Discussion

Sonoro Gold Corp > Sonoro Gold Corp. ( $SGO.V $SMOFF) is up after $3M PP
View:
Post by StockHawk1 on Dec 22, 2021 4:40pm

Sonoro Gold Corp. ( $SGO.V $SMOFF) is up after $3M PP

$SGO.V is almost 9% in the green after announcing yesterday the closing of its non-brokered private placement of 16,666,667 units at $0.18/unit.


The private placement created aggregate gross proceeds of $3M.


Each Unit consisted of one share and one warrant to buy a share in the two years at the price of $0.30/share.


$SGO's Directors and Officers participated in the Offering by subscribing for 3,011,461 Units (which I think shows that they have a lot of faith in the company and its projects). 


The net proceeds from this private placement will be used for a 10K meter drilling campaign which is currently underway at $SGO's Cerro Caliche Gold Project (Sonora, Mexico), as well as for concession maintenance and general working capital.


The drilling program will focus on expanding the project’s oxide gold mineralization and potential higher-grade targets that were recently identified.

$SGO is still trading at just $0.185, MC $18.98M


Full press release here: https://finance.yahoo.com/news/sonoro-announces-closing-3-000-140000147.html

 
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities