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TORONTO, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSXV: SEI) (the “Company” or “Sintana”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an aggregate of 5,128,205 common shares at a price of US$0.117 per share to Charlestown Energy Partners, LLC to raise aggregate gross proceeds of US$600,000. The gross proceeds of the Offering will be used for general corporate purposes and to fund a deposit in the amount of US$500,000 payable to Grisham Assets Corp. in connection with the proposed acquisition (the “Acquisition”) by the Company of a 49% interest in all of the issued and outstanding shares of Inter Oil (Pty) Ltd. (“Inter Oil”). As previously announced, Inter Oil indirectly holds a strategic portfolio of onshore and offshore petroleum exploration license interests in Namibia.