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Bullboard - Stock Discussion Forum 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... see more

TSXV:SNV - Post Discussion

Sonoro Energy Ltd. > Rights Offering?
View:
Post by Patrick2Linton on Jun 14, 2023 5:48pm

Rights Offering?

Company can do a rights offering that would convert into a PP for the existing shareholders of record. This will allow the current shareholder base to participate at these levels and share in the upside. What do you think? Could probably raise $5,000,000 easily.

GLTA.
Comment by SlyFox1 on Jun 14, 2023 6:06pm
Can't see another PP or rights offering happening at these levels. Between the warrants outstanding that will get called and selat off the book. SNV will be in good financial health to secure a credit facility to supplement the cash from the warrants 
Comment by MehmetPasha on Jun 14, 2023 6:12pm
Any pp or finance will be subject to the level that this trades. So no worries. Good luck to us all come Monday. 
Comment by kapzax on Jun 14, 2023 7:10pm
https://nasdaqnewsreports.blogspot.com/2023/06/sintana-energy-warrants-offer-explosive-upside.html
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