TSX-V Approval and PDMR Dealing
Sintana Energy Inc. has received conditional TSX-V approval for its Placing and Subscription, a key condition for the fundraising which is expected to complete around May 27, 2026. As part of the subscription, CEO Robert Bose invested US$250,000 for 826,105 shares, and President Eytan Uliel also invested US$250,000 for 826,105 shares. Following admission, Mr. Bose will hold 4.84% of the enlarged share capital, and Mr. Uliel will hold 1.89%.
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Sintana Energy, Inc. (TSXV:SEI, AIM:SEI, OTCQX:SEUSF), is pleased to announce that, further to its announcement of 18 May 2026 ("Result of Fundraise"), the Company has now received conditional TSX-V approval in respect of the Placing and Subscription. The receipt of the TSX-V conditional approval was one of the conditions to completion of the Fundraising, and as a result that particular condition has been satisfied. Completion of the Fundraising remains conditional upon Admission, which is expected to occur on or around 27 May 2026. The Fundraising also remains subject to standard post-closing filings and the final approval of the TSX-V.
PDMR Dealing
As announced on 18 May 2026, pursuant to the Subscription, Robert Bose, the CEO of the Company, has subscribed for 826,105 Subscription Shares through Charlestown Energy Partners LLC (of which Robert Bose is a managing member) in exchange for an investment of US$250,000 and Eytan Uliel, President of the Company, has subscribed for 826,105 Subscription Shares in exchange for an investment of US$250,000.
Following Admission, Robert Bose and Eytan Uliel, both directors of the Company, will hold the following number of Common Shares in the Company:
| Name | Number of Common Shares Held | Percentage of enlarged share capital |
|---|---|---|
| Robert Bose* | 26,827,368 | 4.84% |
| Eytan Uliel | 10,492,001 | 1.89% |
*Mr. Bose holds the legal and beneficial title in 2,213,503 Common Shares. Mr. Bose is also the beneficial owner of 24,613,865 Common Shares held by Charlestown Energy Partners LLC
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released on 15 May 2026 and 18 May 2026 in respect of the Fundraise unless the context provides otherwise.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Robert Bose (through Charlestown Energy Partners LLC) 2. Eytan Uliel |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer & Executive Director 2. President & Executive Director |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Sintana Energy Inc |
| b) | LEI | 984500ETD72B0D4E4645 |
| a) | Description of the financial instrument, type of instrument | Common Shares of no par value |
| Identification code | ISIN: CA82938H1073 | |
| b) | Nature of the transaction | Purchase of Common Shares of no par value in the Company |
| c) | Price(s) and volume(s) | Transaction Price(s) Volume(s) 1. Robert Bose 2. Eytan Uliel US$0.3027 1. 826,105 2. 826,105 |
| d) | Aggregated information | |
| - Aggregated volume | 1,652,210 | |
| - Price | US$500,000 | |
| e) | Date of the transaction | 19 May 2026 |
| f) | Place of the transaction | Off Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.