09:30 AM EDT, 06/10/2026 (MT Newswires) -- Sonoro Gold ( SMOFF ) raised C$15.5 million after closing a private placement of 62 million units priced at $0.25 per unit, the company said Wednesday.

Sonoro plans to use the proceeds for general working capital purposes. The company is advancing the Cerro Caliche gold project in Mexico, where it recently commenced a 50,000-meter drilling program.

The company also expanded the project with the acquisition of 11 additional mineral concessions.

Each unit consists of one Sonoro common share and one common share purchase warrant. Each warrant can be exercised for $0.34 per share for three years.

Insiders of the company participated in the offering by subscribing for 5,524,640 units for $1.4 million in proceeds.