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Sintana Energy Inc(SEI-X)
TSX Venture

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Sintana Announces Upsizing of Its Marketed Public Offering of Units

Globe Newswire - Tue Feb 22, 2022

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSXV: SEI) ("Sintana" or the "Company") is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced marketed public offering (the “Offering”) of units (the “Units”) of the Company. Under the amended terms, the Company intends to issue the Units at a price of $0.15 per Unit for minimum gross proceeds of $7,325,000 and a maximum gross proceeds of $11,550,000 (subject to increase pursuant to an over-allotment option to raise up to an additional $1,732,500). With respect to the upsize of the Offering, an amended and restated preliminary short form prospectus, which amends and restates the preliminary short form prospectus of the Company dated January 28, 2022, has been filed with the securities commissions or similar regulatory authorities in each of the provinces of Canada, other than Quebec (the "Canadian Jurisdictions"), and is available on the Company's SEDAR profile at www.sedar.com.

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