Syntholene Energy Corp. Announces $2.0 Million Non-Brokered Private Placement

Executive Summary

• Syntholene Energy Corp. announced a planned non‑brokered private placement of up to $2.0 million in units priced at $0.45 per unit.
• Each unit consists of one common share and one non‑transferable warrant allowing purchase of an additional share at $0.63 for two years, with a statutory hold period of four months and one day.
• Proceeds are earmarked for ≈ $1.5 million to procure and assemble components for the company’s demonstration facility in Iceland and ≈ $0.5 million for corporate marketing, investor relations, and working capital.

Key Details

• Financing Structure: Up to $2.0 M via issuance of units (1 common share + 1 whole warrant per unit).
• Unit Price: $0.45 per unit.
• Warrant Terms: Each warrant permits purchase of one additional common share at an exercise price of $0.63, exercisable for two years from issuance; includes acceleration provision per financing terms.
• Use of Proceeds:
• ~ $1.5 M – procurement and assembly of components for the planned demonstration facility in Iceland.
• ~ $0.5 M – corporate marketing initiatives, investor relations activities, and general working capital.
• Insider Participation: May occur; extent not yet determined and will be disclosed per TSX Venture Exchange policies.
• Finder’s Fees: Potential payable subject to securities law compliance and exchange policies.
• Regulatory Conditions: Completion contingent on required approvals, including TSX Venture Exchange approval; all securities subject to a statutory hold period of four months and one day.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act and may not be offered or sold in the United States absent exemption or registration.

Notable Quotes

• Dan Sutton, CEO: “The financing will accelerate our path toward a fully operational demonstration facility in Iceland, bringing us closer to delivering cost‑competitive synthetic jet fuel at scale.”