Syntholene Energy Announces Completion of Reverse Takeover

About this update from Syntholene Energy Corp

[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Syntholene Energy Corp. (TSXV: ESAF) (formerly, GK Resources Ltd.) (the "Company" or "Syntholene") is pleased to announce that, further to its news releases dated May 6, 2025, May 16, 2025, July 9, 2025, September 18, 2025, November 18, 2025 and December 3, 2025, it has completed the acquisition of Syntholene Energy Corp., a private Delaware corporation ("Pre-Transaction Syntholene"), pursuant to the amended and restated securities exchange agreement entered into between the Company, Pre-Transaction Syntholene and the securityholders of Pre-Transaction Syntholene on April 25, 2025, as amended from time to time (the "Securities Exchange Agreement"), which resulted in the reverse takeover of the Company by Pre-Transaction Syntholene (the "Transaction") pursuant to the policies of the TSXV Venture Exchange (the "TSXV").","length":966,"tagName":"p"},{"type":"text","content":"Final acceptance by the TSXV of the Transaction will occur upon issuance of the final bulletin in respect of the Transaction by the TSXV (the "Final Bulletin") which is expected on or about December 10, 2025. Subject to issuance of the Final Bulletin, trading on a post-Consolidation (as defined below) basis will commence on the TSXV under the Company's new name "Syntholene Energy Corp." and new trading symbol "ESAF" on or about December 12, 2025.","length":484,"tagName":"p"},{"type":"text","content":""This milestone is important and impactful for Syntholene and the broader eFuels sector. Being the first publicly traded pure-play synthetic fuel company on any exchange worldwide sets up Syntholene to build value with shareholders from day one of this new era for high-performance, low-cost, and carbon-negative eFuels." said Dan Sutton, Chief Executive Officer of the Company.","length":388,"tagName":"p"},{"type":"text","content":"Syntholene is actively commercializing a new production pathway for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology. The Company's mission is to deliver the world's first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industri...

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