Calgary, Alberta (CNS, TSX-V) September 15, 2009 -
Canoro Resources Ltd. (�Canoro�, or the �Company�) 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.
For further information,
please contact:
Robert S. Wynne
President and
CEO
tel: +1 (403) 592-6295
Ryan Ellson
Vice President, Finance
tel: + 1 (403) 410-6777
Suite 700,
717 � 7th Ave
SW.
Calgary, Alberta
T2P 0Z3
or visit our website at www.canoro.com
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy and
accuracy of the contents of this news release.
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law.