04:18 PM EDT, 10/16/2025 (MT Newswires) -- Sonoro Gold ( SMOFF ) , after trade Thursday said it is upsizing a private placement of share units to $4 million, up from its prior $3 million target, citing strong investor interest.

The company will now look to place 20-million units, with each priced at $0.20 and made up of a share and a three-year warrant to buy a share for $0.28.

Proceeds will be used to advance Sonoro's Cerro Caliche gold project in Sonora, Mexico, and for general working capital, the company said, adding that the offering is subject to TSX Venture Exchange approval.

Sonoro shares closed down $0.005 to $0.20 on the TSX Venture Exchange.