Proceeds to be used to Accelerate Procurement and Component Assembly for Demonstration Facility Deployment in Iceland
Chicago, Illinois–(Newsfile Corp. – February 6, 2026) – SYNTHOLENE ENERGY CORP. (TSXV: ESAF) (FSE: 3DD0) (OTCQB: SYNTF) (the “Company” or “Syntholene”) announces that it intends to complete a non-brokered private placement of up to $2.0 million (the “Financing”).
The Financing is expected to consist of the issuance of units of the Company (the “Units”) at a price of $0.45 per Unit, with each Unit comprising one common share of the Company (a “Common Share”) and one non-transferable common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.63 for a period of two years from the date of issuance, subject to an acceleration provision in…
