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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. > Options and/or Warrants exercised
View:
Post by ark88 on Sep 29, 2023 10:27am

Options and/or Warrants exercised

Looks like 29+ million shares were added on September 27, 2023

https://apps.tmx.com/TSXVenture/TSXVentureHttpController?GetPage=MarketCapDailyTradingSummary&SECURITY_ID=233768&MARKET_ID=CDNX&SEC_SYM_SID=3&HC_FLAG1=Y&HC_FLAG1=Y
Comment by MJB4231 on Sep 29, 2023 10:51am
Something is about to happen BIG TIME 
Comment by ark88 on Sep 29, 2023 10:52am
It's been only couple of days since the issuance of 29+ million shares, but given the anemic volume those exercising appear not to be selling to pay for the new shares. Thats a positive indicator.
Comment by ark88 on Sep 29, 2023 10:57am
The cheapest Options or Warrants I believe are 5 cents, which would translate to minimum $1.4+ million into the treasury. Thats also no lunch money for whoever that chose to exercise them AT THIS TIME!
Comment by copperplay on Sep 29, 2023 11:10am
This should be included in next press release 
Comment by KickPumpForGoal on Sep 29, 2023 11:36am
Perhaps they could use some of the proceeds for a third party PR team. The stock could do with some liquidity hype
Comment by ark88 on Sep 29, 2023 11:23am
Correction: Those were not Option/Warrants but the 29+ million shares for the Sept PP. My mistake.
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