Sintana Energy Inc. Announces Admission to Trading on AIM

Executive Summary

• Sintana Energy Inc. announced the admission of its common shares (depositary interests) to trading on the London Stock Exchange’s AIM market under ticker “SEI,” with an expected market capitalisation of approximately £128 million.
• The company disclosed a related‑party working‑capital facility with Charlestown Energy Partners up to US$4 million (undrawn) and the issuance of 2,512,943 severance shares to former directors/officers as consideration for severance payments.
• These actions are material to shareholders as they affect liquidity, capital structure, share count, and provide a new listing venue that expands the company’s investor base.

Key Details

• Admission to AIM
• Trading commenced 08:00 GMT on 23 Dec 2025 under ticker “SEI” (ISIN CA82938H1073).
• Expected market capitalisation at admission: ~£128 million.

• Shares continue to trade on TSX‑V (symbol SEI) and OTCQX (symbol SEUSF).

• Facility Agreement with Charlestown Energy Partners

• Facility amount: up to US$4 million, unsecured, available 09 Oct 2025 – 30 Jun 2028.
• No draws made to date; drawdowns min. US$250,000, interest = SOFR + 5%, default interest additional 2%.
• Arrangement fee: US$80,000 (payable on earlier of 30 Jun 2028 or termination).
• Availability fee: US$80,000 per annum, accruing daily.

• Related‑party transaction under MI 61‑101; exempt from formal valuation and minority shareholder approval.

• Severance Share Issuance

• Total shares issued: 2,512,943 common shares at a deemed issue price of CDN$0.52 per share.
• Recipients & amounts:
  • Keith Spickelmier – 327,500 shares (CDN$280,600)
  • Doug Manner – 620,558 shares (CDN$322,690)
  • Eytan Uliel – 1,564,885 shares (CDN$813,750)
• Shares subject to a hold period of four months and one day, expiring 24 Apr 2026.

• Issuance qualifies as a related‑party transaction but is exempt from valuation/approval under MI 61‑101.

• Share Capital Post‑Admission

• Total voting common shares outstanding: 510,356,240.

• No treasury shares held.

• Strategic Context (CEO Quote)

• “Today’s admission to the AIM market… is a key milestone that builds on our transformational acquisition of Challenger Energy Group and provides liquidity for AIM‑based shareholders.” – Robert Bose, CEO

Notable Quotes

“The enlarged Sintana is positioned to attract and deliver for a wider range of shareholders going forward.” – Robert Bose, CEO

All boilerplate, forward‑looking statements, and disclaimer sections have been omitted.