Sonoro Gold closes $2M oversubscribed placement to advance Cerro Caliche project toward permitting

Sonoro Gold Corp CEO Kenneth Macleod joined Steve Darling from Proactive to announce that the company has successfully closed its previously announced, oversubscribed non-brokered private placement. The financing consisted of 13,350,000 units issued at $0.15 per unit, generating total gross proceeds of CAD $2,002,500. Macleod explained that the strong investor demand, which resulted in the offering being oversubscribed, underscores the growing market confidence in Sonoro’s strategy and the value potential of its flagship asset. Net proceeds will be directed toward advancing the Cerro Caliche gold project in Sonora, Mexico, which is in the final stages of permitting for a proposed open-pit, heap leach mining operation. Cerro Caliche represents a cornerstone development opportunity for Sonoro, as the company moves steadily toward unlocking near-term gold production. The capital raised will support continued permitting efforts, project optimization, and preparation activities designed to position the project for construction and development once approvals are granted. Macleod emphasized that the successful closing of the placement not only provides funding for the company’s next steps but also highlights broad investor support as Sonoro transitions from exploration to development at Cerro Caliche. #proactiveinvestors #sonorogoldcorp #tsxv #sgo #mining #mexicangovernment #claudiasheinbaum #SonoroGold #GoldMining #MiningStocks #CerroCaliche #GoldInvestment #JuniorMining #PEAUpdate #EnvironmentalApproval #GoldPrice #TSXV