3 stories mentioning SEI.LUpdated 26d ago
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Sintana Energy (SEI.L) concluded an $11.5 million placing and subscription of shares following their admission to trading, the final condition of the fundraise.The UK-listed oil and gas company issued a total of 38,001,253 new shares at 0.225 pound sterling each on London's AIM and for CA$0.41 apiece on Canada's TSX Venture Exchange, according to a Thursday release.
Sintana Energy (SEI.L) said Monday it conditionally raised $11.5 million through a placing and subscription of up to 49,565,690 new common shares at 0.225 pound sterling per share.The oil and gas company will use the proceeds to finance its share of costs for the Chevron-operated Nabba-1 exploration well in Namibia's PEL 90 on the neighboring block to Mopane. Funds will also support the completion of Sintana's acquisition of interests in PEL 37 in the Walvis basin and the KON-16 licence in the Angolan Kwanza basin, as well as its share of work costs on the block.A portion of the proceeds will also be used for general corporate purposes.The new shares are scheduled to begin trading on the London stock exchange's AIM segment and the TSX-V on May 27.
Sintana Energy (SEI.L) on Tuesday said it initiated talks to trade on the Namibia Securities Exchange to explore options to develop liquidity for local investors.The oil and gas company, which is listed in Canada's TSX-V, the UK's London exchange and the US' OTCQX, tapped IJG Securities as its sponsor and corporate adviser.
