Sonoro GOLD Announces closing of oversubscribed Private Placement

Core Points - Sonoro Gold Corp. has successfully closed an oversubscribed non-brokered private placement of 13,350,000 units at CAD $0.15 per unit, raising gross proceeds of CAD $2,002,500 [1][2] - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at CAD $0.22 for two years [1] - Insiders subscribed for 906,667 units, raising gross proceeds of $136,000, qualifying as a related party transaction [3] Financial Details - The company paid $47,502.69 in Finder's Fees and issued 316,685 non-transferable Finder's Warrants at an exercise price of $0.22 [2] - The net proceeds will fund the ongoing development of the Cerro Caliche gold project in Sonora, Mexico, which is in the final permitting stage for an open-pit, heap leach mining operation [4] Company Overview - Sonoro Gold Corp. is focused on the development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico [5] - The company has a highly experienced operational and management team with a proven track record in natural resource development [5]