Syntholene Energy increases its private placement to C$2.3M, offering 5.11M units at C$0.45 each to fund operations.
Syntholene Energy Corp (SYNTF) has upsized its non-brokered private placement to C$2.3 million, citing strong investor interest. The offering includes 5.11 million units priced at C$0.45 per unit, with each unit comprising one common share and half a warrant exercisable at C$0.63 for two years.
The company initially announced a smaller placement but expanded it due to demand. Proceeds will support testing and production at its Húsavík, Iceland demonstration facility and provide working capital. The closing is expected on or around August 14, 2026.