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$SGO.V

5 stories mentioning SGO.VUpdated 11d ago

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Mining & Metals

Sonoro Gold Closes C$15.5 Million Private Placement

Sonoro Gold (SGO.V) raised C$15.5 million after closing a private placement of 62 million units priced at $0.25 per unit, the company said Wednesday.Sonoro plans to use the proceeds for general working capital purposes. The company is advancing the Cerro Caliche gold project in Mexico, where it recently commenced a 50,000-meter drilling program.The company also expanded the project with the acquisition of 11 additional mineral concessions.Each unit consists of one Sonoro common share and one common share purchase warrant. Each warrant can be exercised for $0.34 per share for three years.Insiders of the company participated in the offering by subscribing for 5,524,640 units for $1.4 million in proceeds.

$SGO.V
Mining & Metals

Sonoro Gold Increases its Private Placement to $15 Million

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.

$SGO.V
Mining & Metals

Sonoro Gold Announces $10 Million Private Placement

Sonoro Gold (SGO.V) announced Wednesday a non-brokered private placement offering consisting of 40 million units at a price of C$0.25 each, for gross proceeds of C$10 million.Each unit will consist of one common share and one common share purchase warrant, said the company, adding that 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 C$0.34 per common share.Insiders of the company will participate in the offering for approximately 4 million units for gross proceeds of $1 million, it added.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.The offering is subject to TSX Venture Exchange acceptance.Shares were last seen down $0.01 at $0.25 on the TSX Venture Exchange.Price: $0.25, Change: $-0.01, Percent Change: -3.85%

$SGO.V
Mining & Metals

Sonoro Gold Starts 50,000-Meter Drilling Program at Cerro Caliche

Sonoro Gold (SGO.V) on Tuesday said it will resume exploration drilling at its flagship Cerro Caliche gold project in Sonora State, Mexico, it said on Tuesday.Phase I of the progran will include 25,000 meters of drilling with about 207 drill holes and 6,000 soil samples and is expected to be completed by the fall of this year. Phase II will continue uninterrupted until the Spring, 2027, with 25,000 meters of drilling and about 220 drill holes and 3,000 soil samples.Access roads to the drill sites have been upgraded and drill pads are near completion, the company said. Drilling will start with CANMEX Perforaciones y Servicios SA de CV on May 11.The program will initially focus on infill drilling at several known gold mineralized zones, it added. The program will also undertake expansion drilling at certain mineralized corridors where occurrences suggest consistent geology and the potential expansion of mineralization.Shares of the company were last seen down $0.005 to $0.22 on the TSX Venture Exchange.Price: $0.22, Change: $-0.01, Percent Change: -2.22%

$SGO.V
Mining & Metals

Sonoro Gold Closes its Oversubscribed $12.2 Million Private Placement

Sonoro Gold (SGO.V) closed its previously announced oversubscribed, non-brokered private placement of around 50.83 million units at $0.24 per unit, for gross proceeds of C$12.2 million, said the company on Monday.Each unit consists of one Sonoro common share and one common share purchase warrant, and each warrant entitles the holder thereof to purchase one additional Sonoro common share for a period of three years from the closing of the private placement at an exercise price of C$0.32 per share, said the company.Insiders of the company participated in the offering by subscribing for around 15.65 million units for gross proceeds of around $3.75 million.Net proceeds will be used to complete a two phase 50,000-meter drilling program at the company's flagship Cerro Caliche gold project in Sonora, Mexico, said the company.The offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final acceptance from the TSX Venture Exchange, added the company.

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