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Financings

SONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $4.9M PRIVATE PLACEMENT

By The Northwire Desk — AI Analysis Dec 31, 2025 · 08:00 SGO · 0.315 Sonoro Gold Corp.
SGO · Price

Executive Summary

  • Sonoro Gold Corp. closed an oversubscribed, non‑brokered private placement of 24.5 million units at CAD $0.20 per unit, generating gross proceeds of CAD $4.9 million.
  • Each unit consists of one common share and one warrant (exercise price CAD $0.28, three‑year term). No finder fees were paid.
  • Net proceeds will fund the final permitting and development of the Cerro Caliche open‑pit, heap‑leach gold project in Sonora, Mexico, and provide general working capital.

Key Details

  • Units sold: 24,500,000 units @ CAD $0.20 per unit → Gross proceeds: CAD $4,900,000.
  • Unit composition: 1 common share + 1 common‑share purchase warrant.
  • Warrant terms: Right to purchase one additional common share at CAD $0.28 per share; exercisable for three years from closing.
  • Hold period: Securities subject to a 4‑month plus one‑day hold period, ending May 1, 2026.
  • TSX Venture Exchange: Conditional acceptance received; final acceptance pending.
  • Insider participation: Insiders subscribed for 2,215,000 units (CAD $443,000), qualifying as a related‑party transaction under TSXV Policy 5.9 and MI 61‑101. Exemptions applied per Sections 5.5(a) and 5.7(1)(a).
  • Use of proceeds: Primarily to fund ongoing development of the Cerro Caliche gold project (final permitting stage for an open‑pit, heap‑leach operation) and for general working capital.
  • No finder fees were paid in connection with the offering.

Notable Quotes

  • “The net proceeds from the Offering will be used to fund the ongoing development of the Company’s Cerro Caliche gold project in Sonora, Mexico and for general working capital purposes.” – Kenneth MacLeod, President & CEO

Materiality Assessment: Material – Positive (significant financing that directly supports a major development project).

Read the original news release →

More from Sonoro Gold Corp.

Nov 09, 2026 · 08:00

Sonoro’s low-grade epithermal extensions add scale to the project, though high-grade substance remains limited in the new discovery zones.

Drill Results Oct 01, 2026 · 08:00

Sonoro’s Diana and La Colorada step-outs extend the Cerro Caliche deposit while its stock trades at a 52-week low.

Drill Results Sep 01, 2026 · 08:00

Sonoro’s initial Cerro Caliche drilling extended zones and opened El Quince, reporting good but not transformative results.

Drill Results Aug 26, 2026 · 08:00

Sonoro expands its Cerro Caliche footprint to 8,600 hectares as permitting advances and drilling ramps up.

M&A / Property Jun 11, 2026 · 09:08

Sonoro Gold’s Palisades project doubles down on high-grade gold potential despite market concerns over dilution and the timeline to production.

M&A / Property Jun 10, 2026 · 08:00

SONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $15.5M PRIVATE PLACEMENT

Financings