Result of Fundraise
Sintana Energy has conditionally raised US$11.5 million through a private placement of 38 million new common shares. The shares were priced at 22.5 pence on AIM and C$0.41 on TSXV, representing a 13.5% discount to the prior closing price of 26 pence. Insiders, including CEO Robert Bose and President Eytan Uliel, subscribed for a total of 1.65 million shares, investing $500,000 combined.
Key figures
- Deal Value Usd
- 11500000
- Offering Price
- 22.5 pence / C$0.41
- Shares Offered
- 38001253
- Dilution percentage
- 7.4%
- Post money share count
- 554582493
- Discount to prior close
- 13.5%
AI analysis
Red flags3 · Pro
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.