Business
Sonoro Energy Update on Trading Halt
(TheNewswire) June 7, 2023 – TheNewswire - Calgary, Alberta – The tra...
About this update from Sonoro Energy Ltd.
[{"type":"text","content":"Sonoro Energy Update on Trading Halt\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n June 7, 2023 – TheNewswire -\n \n \n Calgary, Alberta\n \n \n – The trading of Sonoro Energy Ltd. (“Sonoro” or the\n“Company”) (TSXV:SNV\n \n \n )\n \n \n (NEX:SNV.H) common shares on the NEX was halted on May 31, 2023. As\npreviously announced, Sonoro has recently executed a farm-in agreement\non lands in the Western Canadian Sedimentary Basin (“WCSB”). The\ntransaction is deemed to be a Fundamental Acquisition by Sonoro and as\na result Sonoro is following TSXV Policy 5.3.\n \n \n \n \n As per TSXV requirements, trading of the shares were\nhalted and will remain halted until receipt of a satisfactory\nGeological Report in connection with Sonoro's acquisition of the 70%\nworking interest in assets pursuant to the farm-in arrangement is\ncompleted, submitted and approved by the Exchange. The report is being\nprepared by GLJ in Calgary.\n \n \n \n \n Sonoro is in the final stages of completing the\nGeological Report and will submit the report to the TSXV for their\nconsideration and potential approval of the requirements outlined in\nPolicy 5.3. Submission of such report to the Exchange is expect before\nJune 9, 2023. At the same time, Sonoro has requested graduation of the\ntrading of the common shares back to the TSXV.\n \n \n \n \n Sonoro has requested to the TSXV that trading of the\ncommon shares resume subsequent to approval of the Geological Report.\n \n \n \n \n Further updates will be provided if events change.\n \n \n \n \n Forward-looking\nStatements\n \n \n \n \n Certain information in this news release constitutes\nforward-looking statements under applicable securities laws. Any\nstatements that are contained in this news release that are not\nstatements of historical fact may be deemed to be forward-looking\nstatements. Forward-looking statements are often identified by terms\nsuch as \"may,\" \"should,\" \"anticipate,\"\n\"expects,\" \"estimates,\" \"seeks\" and\nsimilar expressions. In particular, without limiting the generality of\nthe foregoing, this news release contains forward-looking information\nregarding the opportunities discussed.\n \n \n \n \n Forward-looking statements necessarily involve known\nand unknown risks, including, without limitat...