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Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: SOH
Latest Price: C$0.02  (0,00%)
52-week High: C$0.12
52-week Low: C$0.02
Market Cap: C$4.00M
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Soho Resources Corp
www.sohoresources.ca

Soho Resources is a Canadian-based junior resource company focused on exploring and developing the Tahuehueto gold-silver project in northwestern Durango State, Mexico.

The 9,081-hectare property covers at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 km. Exploration programs have confirmed significant gold-silver mineralization with associated base metals at many of these zones.

 

Full Soho Resources Corp profile here
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Soho Resources closes $3.0m private placement financing

2nd Feb 2011, 9:58 am

Soho Resources Corp. (TSX-V: SOH) said Tuesday it has closed a $3.0 million non-brokered private placement financing.

The company issued 30.58 million units at a price of $0.10 per unit. Each unit consists of one Soho common share and one half of a share purchase warrant, with each whole warrant exercisable for one additional common share at $0.15 per share, until January 24, 2012.

In addition, Soho said it issued an aggregate of 459,500 finder’s units.
 
From the new funds, $500,000 was used to cancel the company's debentures, and approximately $1.5 million will be used to begin the collection of data to advance the Tahuehueto project in Durango, Mexico into prefeasibility stage.

Moreover, roughly $400,000 will be used to fund a preliminary exploration program on the Jocuixtita silver project in Sinaloa, which will include geological mapping, trenching, surface and underground sampling, and a diamond drilling program.
 
The remaining proceeds will be put towards general administrative and corporate purposes, including a marketing program within North America and Europe, Soho said.

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