Sonor Investments Limited
TSX VENTURE : SNI.PR.A

November 26, 2014 15:26 ET

Sonor Investments Limited Reports Third Quarter Financial Results

TORONTO, ONTARIO--(Marketwired - Nov. 26, 2014) - Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial results for the nine months ended September 30, 2014.

9 months ended September 30 3 months ended September 30
2014
$000
2013
$000
2014
$000
2013
$000
Revenue 444 449 129 174
Net Income (loss) 19 44 (8 ) 17

Tom Vandepeer, President, stated that as at September 30, 2014 the Company's assets totaled $57.5 million. These assets included $13.4 million of marketable securities, $35.6 million in a private investment and $8.4million of cash and cash equivalents.

During the nine months ended September 30, 2014, the Company realized $36,000 of capital gains on the sale of investments. In the comparable period for 2013 there were no sales. During the three months ended September 30, 2014 the Company realized $24,000 of capital gains on the sale of investments and there were no capital gains or losses during the three months ended September 30, 2013.

During the period under review, the Company has maintained net assets and qualified investments in excess of the amounts prescribed under the share conditions pertaining to the First Preference Shares in its capital stock.

Sonor Investments Limited is an investment company located in Toronto, Canada. The First Preference Shares of Sonor trade on The TSX Venture Exchange under the symbol SNI.PR.A.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sonor Investments Limited
    Mr. Tom Vandepeer
    President
    (416) 369-1499

    Sonor Investments Limited
    Mr. Stephen Mills
    Treasurer & CFO
    (416) 369-1499