Sintana Energy Completes US$11.5 Million Fundraise

Sintana Energy Inc., listed on TSXV, AIM, and OTCQX, has closed its recent fundraise, announcing the issuance of 38,001,253 new common shares at 22.5 pence per share on AIM and C$0.41 on TSXV, cumulatively raising US$11.5 million. This announcement follows previous communications from the company in May 2026 regarding the offering of common shares, fundraising results, and TSX-V approval. CEO Robert Bose and President Eytan Uliel, both insiders, participated in this fundraise, subscribing for 826,105 shares each with individual investments of US$250,000.

Sintana utilized exemptions under Multilateral Instrument 61-101 for related party transactions, as the fundraising did not surpass 25% of the company's market capitalization. The new shares are free from holding periods under Canadian law. Cash finder's fees of C$0.9 million were paid in relation to the fundraise.