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| Home : Strata-X Energy Ltd Closes Placement Raising A$563,000 |
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Nov 13
2015 |
Strata-X Energy Ltd Closes Placement Raising A$563,000 |
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DENVER, COLORADO and BRISBANE, AUSTRALIA and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 12, 2015) - The Directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE:SXE)(ASX:SXA) are pleased to announce that the Company has closed the private placement as announced on October 19, 2015. The private placement ("Placement") consisted of 7,037,500 units ("Units") to raise A$563,000 at a price of A$0.08 per unit ("Unit"). Each Unit consists of one CDI or common share (with each CDI representing one common share) and one half of one option ("Option"). Each Option is exercisable into one CDI or common share at an exercise price of A$0.12 until January 31, 2017. The Placement represents approximately 4.2% of the Company's issued capital (pre Placement). |
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| Source:http://www.marketwired.com/mw/release.do?id=2073394&sourceType=3 |
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