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Sintana Energy Inc. Announces Court Sanction of Scheme of Arrangement and Issue of Shares
TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (ȁ...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Sintana Energy Inc. Announces Court Sanction of Scheme of Arrangement and Issue of Shares\n\n\n\n TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQX: SEUSF) (“\n \n Sintana\n \n ” or the “\n \n Company\n \n ”) announces that Challenger and Sintana (TSXV:SEI) are pleased to announce that earlier today the recommended acquisition by Sintana of the entire issued and to be issued ordinary share capital of Challenger (the \"\n \n Acquisition\n \n \"), to be implemented by way of a Court-sanctioned scheme of arrangement under Part IV (section 152) of the Isle of Man Companies Act 1931 as amended from time to time (the “\n \n Scheme\n \n ”), which was announced by Challenger and Sintana on 9 October 2025, has received approval for the closing of the Acquisition by the TSXV (the “\n \n TSXV Condition\n \n ”), subject to standard post-closing filings, and Sintana has therefore confirmed that the TSXV Condition has now been satisfied and the Scheme has been sanctioned by the Court.\n \n\n The Scheme will become Effective upon the the delivery of an office copy of the Court Order to the Isle of Man Companies Registry, which is expected to take place on 16 December 2025. Challenger confirms that the Scheme Record Time will be 6:00 p.m. on 15 December 2025. Scheme Shareholders on Challenger’s register of members at the Scheme Record Time will, upon the Scheme becoming Effective, be entitled to receive the New Sintana Shares.\n \n\n There has been no change to the expected timetable of principal events for the Acquisition set out in the announcement made by Challenger in relation to the Acquisition on 9 December 2025. Full details of the Acquisition are set out in the circular in relation to the Scheme (the “\n \n Scheme Document\n \n ”), which was sent to Challenger Shareholders on 3 November 2025. Terms used but not otherwise defined in this announcement shall have the meanings given to them in the Scheme Document.\n \n\n\n\n Suspension and cancellation of admission of Challenger Shares on AIM, listing of New Sintana Shares on the TSXV, and Sintana AIM admission\n \n\n\n\n A request has been made for the suspension of trading in the Challenger Shares on AIM with effect from 7:30 a.m. on 16 December 2025. Accordingly, 15 December 2025 ...