Sonoro Energy Ltd. SNVFF

Primary Symbol: V.SNV

Energy Oil & Gas E&P

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region, southeast Asia, and southeast Europe. The Company holds a 70% working interest in a proven Waseca channel heavy oil resource fairway, which consists of 1,840-acre contiguous oil field located in the Western Canadian Sedimentary Basin, Saskatchewan, Canada. The Company’s subsidiary, Sonoro Energy Canada Ltd. (Sonoro Canada), conducts its operations in the Province of Saskatchewan.

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Sonoro Energy Ltd. > Warrant accerlation?

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Comment by copperplayon Jan 11, 2024 9:48am

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Post# 35821168

RE:RE:Warrant accerlation?

ark88 wrote:
ark88 wrote: The hold on the shares of the september financing are lifted this week. I would expect to see a NR on the warrant acceleration soon. If these .12 warrants are fully exercised, that would put $3.5 million into the treasury which would fully fund the completion of the farm-in agreement.

The important takeaway here is the Company has the means and the method in place to raise funds to complete the first project. After which, the growth of the Canadian business will become self-sustaining.

I guess the question then becomes, when will the mush speculated MENA project be announced?
Do they announce it then announce the warrant acceleration or after?

Well, if it was up to me, I'd drop the MENA news soon. The cost to exercise these warrants are significantly different/higher than the 5 cent paper. If the holders sold at .20, they'd have to sell 17.5 million shares, which would be more than 50% of the paper. I'd certainly would not be happy about that if I was holding the warrants.