• Sintana has raised US$11.5 mm of new equity at 22.5p per share. Together with existing cash resources at end‑March (US$8 mm) and the expected cash payment from ExxonMobil for Colombia, this provides in excess of US$26 mm of funding capacity.
• This funding is sufficient to carry Sintana through its high‑impact activity programme, cover two years of G&A, and maintain a US$4–7 mm cash buffer. The buffer could be deployed toward Uruguay (depending on farm‑out terms) or further exploration drillin ....
19 May 2026
Sintana Energy Inc. (TSX-V: SEI): Raising US$11.5 mm of new equity for high impact drilling programme
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Sintana Energy Inc. (TSX-V: SEI): Raising US$11.5 mm of new equity for high impact drilling programme
- Published:
19 May 2026 -
Author:
Stephane Foucaud -
Pages:
5 -
• Sintana has raised US$11.5 mm of new equity at 22.5p per share. Together with existing cash resources at end‑March (US$8 mm) and the expected cash payment from ExxonMobil for Colombia, this provides in excess of US$26 mm of funding capacity.
• This funding is sufficient to carry Sintana through its high‑impact activity programme, cover two years of G&A, and maintain a US$4–7 mm cash buffer. The buffer could be deployed toward Uruguay (depending on farm‑out terms) or further exploration drillin ....