SNI.PR.A Sonor Investments Ltd

Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the year ended December 31, 2009 and the three months ended March
31, 2010. 




                   Year ended December 31            3 months ended March 31
                                                                            
                      2009        2008                  2010        2009    
                      $000        $000                  $000        $000    
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Revenue               3,923       4,339                  144         259    
                                                                            
Net Income (loss)     2,783       (854)                   3         (206)   
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Michael Gardiner, President and Chief Executive Officer, stated that as at March
31, 2010 Company's assets totalled $51.1 million. These assets included $13.2
million of marketable securities, $31.9 million in a private investment, $6.0
million of cash and cash equivalents.


During the year ended December 31, 2009, the Company realized $349,000 in net
capital losses on the sale of investments and $345,000 on the value of
investments. This compares to net capital losses of $229,000 on the sale of
investments and $4,029,000 on the value of investments during the year ended
December 31, 2008. During the three months ended March 31, 2010, the Company
sold its entire holdings of Canadian Asset Backed Commercial Paper to an
independent third party for proceeds of $635,000 which were equal to the
carrying value of these investments. Sonor did not dispose of any other
available for sale investments and hence no gains or losses were realized. This
compares to net capital gains of $41,000 on the sale of investments and net
capital losses of $345,000 on the value of investments during the corresponding
period of the previous year.


Loss on value of investments is determined each quarter by testing available for
sale investments for impairment. The impairment process includes a review of all
shares with particular emphasis on shares trading below book value for more than
six months and more than 25% below book value at the end of the fiscal year.


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.

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