RE:SNV Shareholderscopperplay wrote: August 27, 2020
"Sonoro has engaged RISC Advisory, an independent oil and gas consultancy firm with global operations and specific expertise in South-East Asia, to complete a NI-51-101 compliant reserve assessment and report for the Selat Panjang PSC." $386,000 Raised
April 26, 2021
"Sonoro intends to use the proceeds of the funding for third party technical studies to improve the geological and reservoir model of the Pematang reservoirs within the Selat Panjang project area in Sumatra, Indonesia and general working capital purposes. Management and Insiders will be subscribing for a large portion of the private placement. Any current shareholders or interested parties in the financing are encouraged to contact the Company". $350,000 Raised
Total $736,000 Raised.....for what?
again why not announce these and raise some money this way if we lose this PSC than no big deal just find another. Right now SNV is one press release away from 1 cent and a reverse split to which will ultimately kill all current shareholders including management