Strata-X Energy Ltd. Arranges Private Placement
(firmenpresse) - DENVER, COLORADO and BRISBANE, AUSTRALIA and VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/29/13 -- The Directors and management of Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE: SXE) (ASX: SXA) are pleased to announce that Helmsec Global Capital Limited and BBY Ltd (together the "Joint Lead Managers" or "JLMs") are leading a private placement to sophisticated and institutional investors of up to 15.9 million Chess Depository Interests ("CDIs") in the Company at a price of AUD$0.38 per CDI (the "Issue Price") for gross proceeds of up to AUD$6,042,000 (Placement). Each CDI will represent one common share of Strata-X and will rank equally with existing CDIs.
The Placement is being completed in accordance with the Company's placement capacity as approved by shareholders of the Company at the Annual General Meeting held on October 22, 2013. The proceeds from this Placement will be used to fund exploration activities and provide general working capital.
All CDIs issued pursuant to the Placement are to be fully tradable and listed on the Australian Securities Exchange ("ASX") and Toronto Venture Exchange ("TSX-V") subject to the necessary approvals by the respective TSX-V and ASX. Strata-X will, subject to regulatory approval, pay a commission in respect of the Placement to the JLMs (being arm's length parties on the Placement).
About Strata-X
Strata-X is a Denver, Colorado (USA) based company and is engaged in the business of oil and gas exploration and development with a variety of exploration opportunities in North Dakota, California, Colorado, Texas, Illinois and Western Australia and production and development opportunities in California. Strata-X has 123,912,453 common shares outstanding and trades under the symbol "SXE" on the TSX-V and "SXA" on the ASX.
This announcement was made in Canada for the TSX.V and in Australia for the ASX.
Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada) () and ASX.com.au (Australia).
CAUTIONARY STATEMENTS
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions is intended to identify forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See "Risks and Uncertainties" in the Company's Filing Statement dated August 30, 2011 available on SEDAR at . These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Strata-X Energy Ltd.
Tim Hoops (USA)
President
+1 855-463-2400
Strata-X Energy Ltd.
Colin Christensen (Canada)
Investor Relations
+1 403-483-8363
Strata-X Energy Ltd.
Duncan Cornish (Australia)
Corporate Secretary
+61 7 3212-6299
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 310328
Anzahl Zeichen: 0
contact information:
Town:
DENVER, COLORADO and BRISBANE, AUSTRALIA and VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 168 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Strata-X Energy Ltd. Arranges Private Placement"
steht unter der journalistisch-redaktionellen Verantwortung von
Strata-X Energy Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
