TSX Venture Exchange Symbol: SNV
CALGARY, Jan. 6 /CNW/ - Sonoro Energy Ltd. ("Sonoro" or "the Company")
(TSX-V:SNV) announces that it has issued 23.75 million shares to
Berkeley Petroleum Mesopotamia Asphalts Limited at a deemed price of
$0.38 per share under the terms of its agreement with Berkeley as
announced on October 4, 2010. The share issuance was subject to TSX
Venture Exchange approval, which has now been received. The shares
will be subject to a four month hold period expiring May 7, 2011.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements
in this release that are forward-looking statements, including the
exploration success and development plans in Iraq, are subject to risks
and uncertainties, including those specific factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's periodic filings
with Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the
obligation to update any forward-looking statement except in compliance
with applicable securities laws.
SOURCE Sonoro Energy Ltd.
For further information:
PRESIDENT & CEO