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SONIC to amend terms of outstanding options

TSX Venture Exchange Symbol SNV VANCOUVER, April 30 /CNW/ - SONIC Technology Solutions Inc. ("SON...

articleSonoro Energy Ltd.April 30, 20083/company/sonoro-energy-ltd/news/sonic-to-amend-terms-of-outstanding-options
SONIC to amend terms of outstanding options

About this update from Sonoro Energy Ltd.

[{"type":"text","content":"\n\n\n\nTSX Venture Exchange Symbol SNV\n\n\nVANCOUVER, April 30 /CNW/ - SONIC Technology Solutions Inc. ("SONIC" or\n"the Company") today announced that it has determined to amend the terms of\noutstanding options held by directors and employees, amounting to\napproximately 3,090,000 options, by adjusting the exercise price to $0.25 per\nshare. The transaction is subject to necessary approvals, including approval\nof the TSX Venture Exchange.\n\n\nAbout SONIC\n\n\nSONIC develops and markets Sonoprocess(TM) technologies utilizing sonic\nenergy to create more sustainable processes. Sonic Environmental Solutions\nmarkets the Sonic Treatment System via licenced soil remediation partners,\nPetroSonic Energy Systems is developing heavy oil processes and SonoOil is\ndeveloping improved oil sands processes. SONIC has also developed\nopportunities in BioSonic processing and materials processing.\n\n\n Sonoprocess(TM) Technologies\n - Sustainable - Efficient - Economic\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. This release\ncontains statements that are forward-looking statements and are subject to\nvarious risks and uncertainties concerning the specific factors disclosed\nunder the heading "Risk Factors" and elsewhere in the Company's periodic\nfilings with Canadian securities regulators. Such information contained herein\nrepresents management's best judgment as of the date hereof based on\ninformation currently available. The Company does not assume the obligation to\nupdate any forward-looking statement.\n\n\n","length":1758,"tagName":"div"}]

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