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FINWIRES

Sonoro Gold Increases its Private Placement to $15 Million

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Sonoro Gold (SGO.V) is increasing its non-brokered private placement announced on May 20, 2026 to 60 million units for gross proceeds of C$15 million, from 40 million units for gross proceeds of C$10 million, it said on Friday.

The offering price remains $0.25 per unit with each unit composed of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company for a period of three years from the closing of the private placement at an exercise price of $0.34 per common share, noted the company.

The net proceeds will be used to advance the on-going development of the company's Cerro Caliche gold project in Sonora, Mexico as well as general working capital, it added.

The offering is subject to TSX Venture Exchange acceptance.

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