Sonoro announces closing of first tranche of non-brokered private placement

CALGARY, Alberta (March 9, 2018) -– Sonoro Energy Ltd. (“Sonoro” or the “Company”) (TSXV: SNV) is pleased to announce the closing of a first tranche (the “First Tranche”) of a non-brokered private placement for total gross proceeds of $1,764,602, further to its February 21, 2018 private placement offering (“the Offering”) news release.

Pursuant to the First Tranche, the Company sold 17,646,020 units (a “Unit”) at a price of $0.10 per Unit where each 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, where each whole Warrant entitles the holder to purchase one Common Share within two years at a price of $0.20 per Common Share.

Read the complete PDF document