CALGARY, Canada, September 27, 2010 /PRNewswire/ -- Sonoro Energy Ltd. (Sonoro or the Company) 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 CDN$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.
For further information please contact Richard Wadsworth, Chief Executive Officer, at:
Tel: +1-403-744-4050 Email: IR@SonoroEnergy.com http://www.SonoroEnergy.com
SOURCE: Sonoro Energy Ltd.
CONTACT: For further information please contact Richard Wadsworth, ChiefExecutive Officer, at: Tel: +1-403-744-4050, Email: IR@SonoroEnergy.com
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