Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF) closed a non-brokered private placement of nearly 5.6 million units at C$0.09 per unit, raising C$500,000.
Each unit includes one common share and one warrant exercisable at C$0.14 for two years.
Finder's Fees totaled C$6,160, with 68,446 Finder’s Warrants issued.
Securities are subject to a hold period until January 2025. Insiders subscribed for 1,668,906 units (C$150,202), qualifying as a related party transaction under TSX rules.
Funds will support Cerro Caliche project development in Mexico and general working capital.