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) (“Sintana” or the “Company”) 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 "Acquisition"), 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 “Scheme”), which was announced by Challenger and Sintana on 9 October 2025, has received approval for the closing of the Acquisition by the TSXV (the “TSXV Condition”), 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.