SONORO ENERGY LTD. ("SNV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 21, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") accepts for filing documentation pursuant to a Share Purchase Agreement, (the "Agreement") between the Company and Stockbridge Oil and Gas Ltd ("Stockbridge"), and the Shareholders of Stockbridge Oil and Gas ltd. ("Stockbridge Shareholders").
Pursuant to the terms of the Agreement, the Company will acquire all of the issued and outstanding shares of Stockbridge, in exchange for issuing an aggregate of 250,000,000 common shares in the capital of the Company to the Stockbridge Shareholders.
Pursuant to the Agreement, the issuer will acquire all of the issued and outstanding shares of Stockbridge, including the subsidiaries and the assets held by such subsidiaries. The Company, as part of the Agreement, will indirectly acquire the Budong Budong PSC, which allows the holder to explore for and produce oil and gas in the 1,094 km2 area that lies across the Makassar Straight and to the south and east of Kalimantan in the Province of Sulawesi, Indonesia.
For further information, see the company's press release.
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