Sonoro announces amended terms to private placement offering

CALGARY, Alberta (February 21, 2018)-–Sonoro Energy Ltd. (“Sonoro” or “the Company”) (TSX-V: SNV) announces that due to market conditions, it has amended the terms to its Private Placement previously announced on January 26, 2018.

The Company intends to raise up to $5,000,000 by way of a non-brokered private placement (the “Offering”) of units, where a unit (a “Unit”) consists of one common share (a “Common Share”) of the Company and one half of one common share purchase warrant (a “Warrant”) of the Company.

The Unit will be priced at $0.10 per share which represents a 9% discount from the closing price on February 20, 2018. Each whole Warrant entitles the holder to purchase one Common Share within two years from the Closing Date (as hereinafter defined) of the Offering at a price of $0.20 per Common Share.

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