Pure Hydrogen Corporation Limited V.SXE

Strata-X closes $12.6-million IPO on ASX

[brandonn]

 

Strata-X closes $12.6-million IPO on ASX

2013-02-12 10:18 ET - News Release

 

Mr. Tim Hoops reports

STRATA-X ANNOUNCES UPDATE ON CAPITAL RAISING AND INITIAL PUBLIC OFFERING ON ASX

The offering associated with Strata-X Energy Ltd.'s dual listing on the Australian Securities Exchange has closed with approximately $12.6-million (Australian) in firm commitments. The final numbers are being tabulated and documentation processed, with a final tally expected by Feb. 15, 2013. The company's CHESS depositary interests (CDIs) will begin trading on the ASX once the ASX listing conditions have been satisfied. Each CDI represents one underlying share in Strata-X. The company's existing shares will continue to trade on the TSX Venture Exchange under the symbol SXE.

The initial public offering was lead managed by BBY Ltd. and Helmsec Global Capital Ltd. Bizzell Capital Partners Pty. Ltd. acted as financial adviser to Strata-X.

We seek Safe Harbor.