Sintana Energy raises US$11.5 million in follow-on share placing, subscription at 22.5p

SOLARIS ENERGY INFRASTRUCTUR

SOLARIS ENERGY INFRASTRUCTUR

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  • Sintana Energy conditionally raised gross proceeds of USD 11.5 million in a fundraise priced at 22.5 pence per new common share on AIM, equivalent to C$ 0.41 per share on the TSX Venture Exchange.
  • Planned issuance of 38,001,253 new common shares, including a placing for USD 10.8 million covering 35,629,043 shares.
  • A separate subscription is set to raise USD 0.7 million through 2,372,210 shares, including USD 250,000 each from Chief Executive Officer Robert Bose and President Eytan Uliel.
  • The issue price implies a 13.5% discount to the prior AIM close of 26 pence.
  • Total shares outstanding are expected to rise to 554,582,493 following admission, with trading in the new shares expected to start around May 27, 2026.


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