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  • Sintana Energy (SEI) has closed its non-brokered private placement raising aggregate gross proceeds of US$600,000
  • The company issued 5,128,205 common shares at a price of US$0.117 per share to Charlestown Energy Partners
  • The gross proceeds will be used to fund a $500,000 deposit  to Grisham Assets Corp. in connection with the proposed acquisition of a 49 per cent interest in Inter Oil (Pty) Ltd.
  • All securities issued are subject to a statutory hold period expiring on May 22, 2022
  • Sintana is a Canada based company that produces and distributes petroleum products
  • Sintana Energy (SEI) opened trading at C$0.145 per share

Sintana Energy (SEI) has closed its non-brokered private placement raising aggregate gross proceeds of US$600,000. 

The company issued 5,128,205 common shares at a price of US$0.117 per share to Charlestown Energy Partners, LLC.

The gross proceeds will be used for general corporate purposes and to fund a $500,000 deposit to Grisham Assets Corp. in connection with the proposed acquisition of a 49 per cent interest in all of the issued and outstanding shares of Inter Oil (Pty) Ltd. 

The completion of the acquisition and all related transactions remain subject to the approval of the TSXV. 

All securities issued are subject to a statutory hold period expiring on May 22, 2022.

Sintana is engaged in hydrocarbons exploration and development activities in Colombia’s Magdalena Basin.

The company’s exploration strategy is to acquire, explore, develop and produce superior quality assets with significant reserve potential.

Sintana Energy (SEI) opened trading at C$0.145 per share.

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