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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

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

Comment by ark88on Nov 29, 2023 9:48am
164 Views
Post# 35758365

RE:How?

RE:How?A warrant holder sells enough shares to raise the cash needed to exercise the warrants.
If warrant holder holds 1 million warrants priced at $0.05, the cost to exercise (convert to shares) is $50k. So lets say he sold all at $0.10, he would've had to sell 500k shares. If he sold all at $0.20, then he would've had to sell 250k shares etc etc.

The net effect is selling pressure that puts pressure on the share price, but puts money into the company treasury which is a positive.
KickPumpForGoal wrote: Can someone explain how the exercise of warrants has caused the shares to slide dramatically? The amount raised and shares issued should not have impacted the SP that bad.


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