Sintana Energy Option and RSU Grants
May 02 2024 - 12:00PM
Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the
“Company”) is pleased to announce that it has granted an aggregate
of 2,400,000 restricted share units and 1,650,000 stock options to
certain directors and officers of the Company.
The stock options are each exercisable to
acquire one common share of the Company at an exercise price of
CDN$1.08 until May 1st, 2034 and vest in tranches over the next two
years. The restricted share units are each convertible into one
common share of the Company for no additional consideration, and
vest on May 1, 2025.
ABOUT SINTANA ENERGY:
The Company is engaged in petroleum and natural
gas exploration and development activities on five large, highly
prospective, onshore and offshore petroleum exploration licenses in
Namibia, and in Colombia’s Magdalena Basin.
On behalf of Sintana Energy Inc.,
“A. Robert Bose”Chief Executive Officer
For additional information or to sign-up to receive periodic
updates about Sintana’s projects, and corporate activities, please
visit the Company’s website at www.sintanaenergy.com
Corporate Contacts: |
|
Investor Relations Advisor: |
Robert Bose |
Sean J. Austin |
Jonathan Paterson |
Chief Executive Officer |
Vice-President |
Founder & Managing Partner |
212-201-4125 |
713-825-9591 |
Harbor Access |
|
|
475-477-9401 |
Forward-Looking Statements
Certain information in this release are forward-looking
statements. Forward-looking statements consist of statements that
are not purely historical, including statements regarding beliefs,
plans, expectations or intensions for the future, and include, but
not limited to, statements with respect to potential future
farmout agreements on PEL 83 and/or PEL 87, and proposed future
exploration and development activities on PEL 83 and/or PEL 90 and
neighbouring properties, as well as the prospective nature of
the Company’s property interests. Such statements
are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from
those contained in the statements, including, but not limited to
risks relating to the receipt of all applicable
regulatory approvals, results of exploration and development
activities, the ability to source joint venture partners and fund
exploration, permitting and government approvals, and other risks
identified in the Company’s public disclosure documents from time
to time. Readers are cautioned that the assumptions used
in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. The Company assumes no obligation
to update such information, except as may be required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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