12:58 PM EDT, 10/22/2025 (MT Newswires) -- Sonoro Gold ( SMOFF ) on Wednesday said it closed a non-brokered private placement of share units that raised $4.1 million.

The company said it placed 20.5-million units in the financing, with each priced at $0.20 and made up of a share and a three-year warrant to buy a second shares of $0.28.

Proceeds will be used to advance its flagship Cerro Caliche gold project in Sonora, Mexico, including funding the completion of the updated Preliminary Economic Assessment, finalizing the option agreement payment to secure full ownership of the project's concessions, and making the Change of Land Use payment required for mining operations. It also noted that funds will support the proposed spin-out of the San Marcial gold-silver project into its wholly-owned subsidiary, Oronos Gold Corp.

Shares of Sonoro Gold ( SMOFF ) were last seen up by $0.01 to $0.205 on the TSX Venture Exchange.

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