Deal offers 46 million of company's common shares at C$0.09 per share
By Devika Patel
Knoxville, Tenn., March 6 - Sonoro Energy Ltd. said it raised C$4.14 million in a private placement of stock. Geopetrol International Holding Inc. and Geopetrol Iraq Corp. were among the investors for the deal, which priced on Jan. 5.
The company sold 46 million common shares at C$0.09 per share. The purchase price is identical to the closing price of the company's common stock on Jan. 4.
Calgary, Alta.-based Sonoro Energy is an international oil exploration and development company with a focus on asphalt, or heavy oil, resource exploration and development in Iraq.
| Issuer: | Sonoro Energy Ltd.
|
| Issue: | Common shares
|
| Amount: | C$4.14 million
|
| Units: | 46 million
|
| Price: | C$0.09
|
| Warrants: | No
|
| Investors: | Geopetrol International Holding Inc. and Geopetrol Iraq Corp.
|
| Pricing date: | Jan. 5
|
| Settlement date: | March 6
|
| Stock symbol: | TSX Venture: SNV
|
| Stock price: | C$0.09 at close Jan. 4
|
| Market capitalization: | C$19.55 million
|
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