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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

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. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal legs for a total lateral length of approximately 1,600 meters. The Company’s subsidiary, Sonoro Energy Canada Ltd.


TSXV:SNV - Post by User

Sonoro Energy Ltd. > Convertible Debenture with Menara
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Comment by StratCapon Apr 19, 2022 5:54pm
120 Views
Post# 34614689

RE:RE:RE:Convertible Debenture with Menara

RE:RE:RE:Convertible Debenture with Menara
StratCap wrote:

 

copperplay wrote: Trust me strat I wish this were true but at 2 cents and no volume means this project is dead and also the convertible debentures are price at 10 cents which is way off current price 

All I want to hear with any reverse merger is that Selat is still alive and negotiations are on going 

 

 

Regardless if there is a reverse takeover or not, this liability is going to have to be addressed. Likely through dilution. Do you really want Menara as a shareholder at any point?


 

Silver lining is that Menara will not be a shareholder through the debenture and loan agreement. Unfortunately, with this saga, i still see the share structure is not ideal as it currently sits.

Waiting for the Agm and special meeting agenda for any sign of a Share Consolidation resolution.

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