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.

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Sonoro Energy Ltd. > Price drop

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Comment by StratCapon Sep 18, 2023 3:57pm

58 Views

Post# 35642084

RE:RE:RE:RE:Price drop

RoyMax123 wrote:
A lot... it has to be 4 months after the warrants are issued.

From the news

" As part of this non-brokered financing, warrants are subject to an acceleration clause. This clause states that if, four months and one day after the warrants are issued, the closing price of the common shares of the Corporation, on the principal market on which such shares trade, is equal to, or exceeds, C.15 for 10 consecutive trading days"

copperplay wrote:

StratCap wrote:

edm1996 wrote: Wonder if someone trying to get price under 15 cent as to not have wants called need over 15 till end of week .

This ^^^^^^^^^^^^^^^^^^^

Smart man.

GLTA

if this close at 15 today how many more days until the $1.5 million gets called in?

I was thinking more along the lines of the legacy warrants that were extended multiple times. I recall an acceleration clause for those warrants originallly.

GLTA

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