Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) closed the first tranche of its C$1 million private placement, issuing 11,028,429 units at C$0.05 per unit, generating C$551,421.
Each unit includes one common share and one warrant.
Proceeds will fund development of the Cerro Caliche gold project in Sonora, Mexico.