Sonde Resources Corp. seeks strategic alternatives that could include a sale of its western Canadian resource play assets. Sonde Resources hired FirstEnergy Capital Corp.

for the process. The strategic alternatives include a sale of all or a material portion of the assets, a strategic investment in Sonde's undeveloped acreage, a joint venture, or a merger or other business combination. Share price of Sonde closed at CAD 1.34.

Sonde said there is no timetable for the strategic process. FirstEnergy has divided the assets into three packages based on location.