Sonoro Energy (TSE:SNV) has released an update.
Sonoro Energy Ltd. has announced its intention to acquire a 20% stake in a UAE-based company providing well management and EPC services in the MENA region. The deal involves issuing 40 million Sonoro shares at $0.12 each, subject to approvals. Post-acquisition, the MENA company’s shareholders would hold 15.2% of Sonoro’s shares, as the company aims to bolster its presence and expertise in the oil and gas sector.
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