Sonor Investments Limited Reports Second Quarter Financial Results

Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the six months ended June 30, 2010. 




                             6 months ended June 30   3 months ended June 30
                                     2010      2009           2010      2009
                                     $000      $000           $000      $000
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Revenue                               288       302            144        43
                                                                            
Net Income (loss)                      71     (228)             68      (22)
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Michael Gardiner, President and Chief Executive Officer, stated that as at June
30, 2010 the Company's assets totaled $50.2 million. These assets included $13.2
million of marketable securities, $31.9 million in a private investment and $5.1
million of cash and cash equivalents.


During the six months ended June 30, 2010, the Company realized net capital
gains of $9,000 on the sale of investments with no write down of assets compared
to net capital losses of $14,000 and a write down of $345,000 during the six
months ended June 30, 2009. During the three months ended June 30, 2010, Sonor
realized net capital gains of $9,000 on the sale of investments compared to net
capital losses of $55,000 during the corresponding period of the previous year.


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.


The Company has begun the implementation of its International Financial
Reporting Standards ("IFRS") changeover plan required by financial regulators in
Canada commencing January 1, 2011. It is not expected that the IFRS will
materially impact the Company's operating results.


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

Sonor Investments (TSXV:SNI.PR.A)
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