Canoro Resources Ltd.
TSX VENTURE : CNS

Canoro Resources Ltd.

September 15, 2009 17:42 ET

Canoro Issues 270,885 Shares to Agent

CALGARY, ALBERTA--(Marketwire - Sept. 15, 2009) -

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Canoro Resources Ltd. ("Canoro", or the "Company") (TSX VENTURE:CNS) today announced that further to the limited recourse financing announced on July 24, 2009, with Gemini Oil and Gas Fund II, L.P., the Company has issued, subject to TSX Venture approval, 270,885 common shares at a deemed price of $0.10 per share, to Saether Capital Corp, the Company's agent for the transaction. Subsequent to the issue, the Company will have 113,979,826 common shares outstanding.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release.

Contact Information

  • Canoro Resources Ltd.
    Robert S. Wynne
    President and CEO
    (403) 592-6295
    or
    Canoro Resources Ltd.
    Ryan Ellson
    Vice President, Finance
    (403) 410-6777
    or
    Canoro Resources Ltd.
    Suite 700, 717 - 7th Ave SW.
    Calgary, Alberta T2P 0Z3
    www.canoro.com