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Sintana Energy ( (TSE:SEI) ) has provided an announcement.
Sintana Energy Inc. has reported the exercise of stock options by a company consultant over 1.8 million common shares, priced at $0.165 and $0.11 per share, generating proceeds of CAD$253,000 for the company. The newly issued shares are expected to be admitted to trading on the TSX Venture Exchange and AIM around May 14, 2026, and will rank equally with existing shares.
Following the admission of these shares, Sintana’s issued share capital will increase to 516,581,240 common shares, each carrying one voting right and with none held in treasury. The updated share count provides a new reference point for investors monitoring their holdings under disclosure rules and underscores a modest equity dilution in exchange for added capital to support the company’s ongoing operations and strategic portfolio across the Atlantic Margin.
More about Sintana Energy
Sintana Energy Inc. is an Atlantic Margin-focused oil and gas company with a portfolio of high-impact exploration and development assets along the Southern Atlantic conjugate margin. Its core positions are in emerging frontier markets including Namibia, Uruguay and Angola, complemented by legacy holdings in Colombia and The Bahamas, and it is listed in Canada, the U.K. and the U.S.
See more data about SEI stock on TipRanks’ Stock Analysis page.