Metals and Mining
Company Overview of Sora Capital Corp.
Sora Capital Corp. is engaged in mining and exploring mineral resource deposits in Canada. The company was formerly known as Jager Resources Inc. and changed its name to Sora Capital Corp. in February 2014. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.
302 – 1 Alexander Street
Vancouver, BC V6A 1B2
Founded in 1999
Key Executives for Sora Capital Corp.
Chief Executive Officer, President, Director, Member of Audit Committee and Member of Investment Committee
President, Director and Member of Audit Committee
Chief Financial Officer and Corporate Secretary
Vice President of Resource Investment, Director and Member of Audit Committee
Compensation as of Fiscal Year 2015.
Sora Capital Corp. Key Developments
Larry Timlick to Join the Board of Sora Capital; Elevation Capital Corp. and Sora Capital Corp. Enter into Loan Agreement
May 22 15
Elevation Capital Corp. and Sora Capital Corp. announced that they have agreed to the terms of participation by Elevation in a non-brokered private placement offering announced by Sora on March 25, 2015. In addition and in accordance with the agreement between Elevation and Sora, at any time following closing of the private placement and prior to its dissolution, Elevation will be entitled to nominate one director to the Board of Directors of Sora. Larry Timlick, a current director of Elevation, has agreed to join Sora's board.
Pursuant to a loan agreement dated May 21, 2015 between Sora and Elevation, Elevation has advanced the sum of $200,000 to Sora which Sora intends to use for one of its investee companies prior to completion of the private placement. Pursuant to the terms of the loan agreement, the loan will bear no interest until the earlier of (a) 90 days following the date on which the shareholders of Elevation vote against a resolution to approve the transaction, (b) September 30, 2015 or (c) at the option of Elevation on the occurrence of an event of default and will be repayable in full by Sora the earlier of: (a) the receipt of final approval of the exchange of the private placement as Elevation's qualifying transaction; or (b) 90 days following the date upon which the shareholders of Elevation vote against a resolution to approve the private placement as elevation's qualifying transaction. The loan is subject to standard conditions precedent and default provisions for a transaction of this nature.
Sora Capital Corp. Auditor Raises 'Going Concern' Doubt
Jan 28 15
Sora Capital Corp. filed its Annual on Jan 28, 2015 for the period ending Sep 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Sora Capital Corp. Presents at Cantech Investment Conference, Jan-15-2015 01:30 PM
Jan 12 15
Sora Capital Corp. Presents at Cantech Investment Conference, Jan-15-2015 01:30 PM. Venue: Metro Toronto Convention Centre, 255 Front Street West, Toronto, ON, M5V 2W6, Canada. Speakers: Greg Hope, Chair of the Investment Advisory Board and Director.
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