CALGARY, Dec. 9, 2013 /CNW/ - Sonoro Energy Ltd. ("Sonoro") (TSX-V: SNV)
is pleased to announce that it has completed its previously announced
consolidation of its common shares on a 10 for one basis and the
subsequent private placement of 29,961,438 post-consolidation common
shares. Geopetrol International Holding Inc. subscribed for 26,300,000
common shares under the private placement such that it is now a
"control person" of Sonoro within the rules of the TSX Venture
Exchange. Common shares issued under the private placement are subject
to a hold period expiring April 10, 2014.
Sonoro also announces that its post-consolidation common shares will
resume trading on the TSX Venture Exchange shortly, following the
lifting of a trading halt applied pending the resolution of certain
settlement issues related to the trading of its post-consolidation
Sonoro is an international bitumen exploration and development company.
Our current focus is a pure play on asphalt resource exploration and
development in Iraq. Sonoro has initiated the evaluation of resource
opportunities under our asphalt license agreement in the Salah ad Din
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Sonoro Energy Ltd.
For further information:
Chairman and CEO