Sonoro Announces Completion of Previously Announced Consolidation and Private Placement and Lift of the Trading Halt on Sonoro Common Shares
CALGARY, Dec. 9, 2013 /CNW/ - Sonoro Energy Ltd. ("Sonoro") (TSX-V: SNV) is pleased to announce that it has completed its previously announced consolidation of its common shares on a 10 for one basis and the subsequent private placement of 29,961,438 post-consolidation common shares. Geopetrol International Holding Inc. subscribed for 26,300,000 common shares under the private placement such that it is now a "control person" of Sonoro within the rules of the TSX Venture Exchange. Common shares issued under the private placement are subject to a hold period expiring April 10, 2014.
Sonoro also announces that its post-consolidation common shares will resume trading on the TSX Venture Exchange shortly, following the lifting of a trading halt applied pending the resolution of certain settlement issues related to the trading of its post-consolidation common shares.
About Sonoro
Sonoro is an international bitumen exploration and development company. Our current focus is a pure play on asphalt resource exploration and development in Iraq. Sonoro has initiated the evaluation of resource opportunities under our asphalt license agreement in the Salah ad Din Province.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Sonoro Energy Ltd.
RICHARD WADSWORTH
Chairman and CEO
+1.403.262.3252
Share this article