Core Viewpoint - Syntholene Energy Corp. is planning a non-brokered private placement to raise up to $2.0 million to fund its operations and development projects [1][2]. Financing Details - The financing will involve issuing units at a price of $0.45 per unit, with each unit consisting of one common share and one non-transferable warrant [2]. - Each warrant will allow the holder to purchase an additional common share at an exercise price of $0.63 for two years, with an acceleration provision [2]. Use of Proceeds - Approximately $1.5 million of the proceeds will be allocated for the procurement and assembly of components for a planned demonstration facility in Iceland [3]. - The remaining $0.5 million will be directed towards corporate marketing initiatives, investor relations, and working capital [3]. Insider Participation - The company anticipates that insiders may participate in the financing, although the extent of this participation is yet to be determined [4]. Regulatory Compliance - All securities issued will be subject to a statutory hold period of four months and one day, pending regulatory approvals from the TSX Venture Exchange [5]. Company Overview - Syntholene is focused on commercializing its Hybrid Thermal Production System for low-cost clean fuel synthesis, targeting a production cost that is 70% lower than current competing technologies [7]. - The company aims to produce high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale [7]. - Syntholene's strategy involves harnessing thermal energy for hydrogen production and fuel synthesis, with 20MW of dedicated energy secured for its demonstration facility [8].