TSX Venture Exchange Symbol: SNV
CALGARY, Sept. 27 /PRNewswire-FirstCall/ - Sonoro Energy
Ltd. ("Sonoro" or "the Company") (TSXV: SNV) is pleased to announce
that his Excellency Mr. Hamad Al
Shamsi has joined the Sonoro Board of Directors.
Mr. Al Shamsi is a high-ranking
diplomat within the UAE with various titles and responsibilities
with significant portfolios in the Middle
East. Mr. Al Shamsi also
serves on several private company boards and has been a former
diplomat throughout the Middle
East.
With the addition of Mr. Al
Shamsi, Mr. David Coe will
step down from the Board of Directors but will continue to provide
advisory services to the Board and the Company.
Richard Wadsworth commented "It
is a great pleasure to have his Excellency join our Board and
provide his wealth of knowledge, experience and prominence in the
Middle East and internationally.
With an accomplished Board and management team now in place, the
Company is prepared to aggressively pursue oil and gas resource
projects in the Company's areas of experience and strength." Mr.
Wadsworth further commented, "The Board and I thank Mr.
David Coe for his leadership and
experience to the Board and wish him success in all his future
endeavors'."
Sonoro is a public company with its head office based in
Calgary, Canada. The Company is
pursuing oil and gas development opportunities in the Middle East and internationally with an
initial focus on heavy oil and bitumen resources.
In association with this announcement, the Company has granted
500,000 stock options to his Mr. Al
Shamsi exercisable at $0.41
per share over a 5 year term as per the Company's stock option
plan. The terms and conditions of the grant are subject to the
approval of the TSX Venture Exchange.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Statements in this release that are forward-looking statements,
including the amount of the offering and its completion, are
subject to risks and uncertainties, including those specific
factors disclosed under the heading "Risk Factors" and elsewhere in
the company's periodic filings with Canadian securities regulators.
Such information contained herein represents management's best
judgment as of the date hereof based on information currently
available. The Company does not assume the obligation to update any
forward-looking statement except in compliance with applicable
securities laws.
SOURCE Sonoro Energy Ltd.
Copyright . 27 PR Newswire