Post by
Medam21 on Jun 10, 2021 1:48pm
Do anyone see expecting new info ?
" Sonoro will 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 purpose.
Certain subscriptions will also be used to extinguish existing debt obligations on the balance sheet.
Management and Insiders will be subscribing for a large portion of the private placement. "
Comment by
GeorgiaStreetE on Jun 10, 2021 2:23pm
The management hold the timing of this entirely. Don't chalk it up to how long RISC needs to complete the report