Proposed Offering of Common Shares
Sintana Energy proposes a private placement of up to 49.6 million new shares at C$0.41 to raise a minimum of US$11.5 million. The offering is conducted via a placing on AIM and a LIFE exemption in Canada, with Stifel as sole bookrunner and Zeus/Cavendish as co-managers.
Key figures
- Deal Value Usd
- 11500000
- Offering Price
- C$0.41
- Shares Offered
- 49565690
- Cash on hand
- ~US$8 million
- Total sources
- ~US$26.5 million
- Issue price cad
- C$15.6 million
- Issue price gbp
- 22.5 pence
- Pel 90 well cost
- ~US$6-9 million
- Ga and expenses 2yr
- ~US$8 million
- Insider subscription
- C$0.5 million
- Issue price gbp total
- £8.6 million
- Kon 16 acquisition cost
- ~US$3 million
- Pel 37 acquisition cost
- ~US$2.5 million
- Exxon settlement proceeds
- ~US$6 million
AI analysis
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