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SXE Strata X Energy Ltd

0.07
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Strata X Energy Ltd TSXV:SXE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.07 0.07 0.085 0 01:00:00

Strata-X Appoints New Chief Financial Officer and Appoints a New Corporate Secretary in Canada

22/05/2013 12:30am

Marketwired Canada


The directors and management of Strata-X Energy Ltd. ("Strata-X" or the
"Company") (TSX VENTURE:SXE)(ASX:SXA) are pleased to announce the appointment of
David L. Hettich as Chief Financial Officer ("CFO") of the Company and the
appointment of Shaun Maskerine as the Company's Canadian Corporate Secretary.


Prior to joining Strata-X as CFO, David Hettich provided consulting services to
the Company in a variety of positions including Controller and Land Manager. Mr.
Hettich has a depth of financial and project management experience spanning the
energy spectrum. Mr. Hettich earned a B.B.A. in Banking and Financial Economics
from the University of North Dakota and is an active member in multiple North
American oil and gas associations. Mr. Hettich is a Registered Petroleum Landman
(RPL) with the American Association of Petroleum Landmen. Mr. Hettich has been
granted options to acquire 200,000 (TSX-V) shares of the Company at an exercise
price equal to CAD$0.30 per share. The options vest over a 13-month period, are
exercisable for a period of 10 years, and are subject to the terms and
conditions of the Company's stock option plan.


The appointment of Mr. Hettich as CFO of the Company and the resignation of the
Company's prior CFO, Timothy Bradley, is part of a planned transition by
Strata-X's Board of Directors. The resignation of Mr. Bradley as CFO was
accepted by Strata-X's Board of Directors as of the date of this press release.
Mr. Bradley's planned departure will allow him to focus his energies on his
consulting business which the Company will continue to engage for certain
accounting and tax services. Mr. Bradley will remain on the Board as a
non-executive Director. "As CFO, Mr. Bradley led the Company from its inception
through considerable growth periods with his efforts being instrumental to those
successes. The Company deeply appreciates his contributions as CFO and very much
looks forward to his continued involvement as a member of the Board," says
Timothy Hoops, CEO.


The Company also announces the appointment of Shaun Maskerine as Corporate
Secretary (Canada). Mr. Maskerine has over 14 years experience in the
administration and development of public companies including direct involvement
in numerous listings, capital raisings and transactions. He has extensive
experience in the areas of corporate compliance, corporate secretarial work and
governance of listed companies. Mr. Maskerine has been a director and held many
senior positions in companies on both the Toronto Venture Exchange and the ASX
and is currently a director and corporate secretary of other listed companies on
the Toronto Venture Exchange. Mr. Maskerine replaces Douglas M. Walker who
served as Corporate Secretary (Canada) for the past 18 months. Speaking on
behalf of the Company, Mr. Hoops added, "Strata-X thanks Mr. Walker for his past
services and wishes him every success in his future endeavours."


Other Updates

The Company also announces that it has granted options to certain non-management
employees and consultants of the Company to acquire 500,000 (TSX.V) shares of
the Company at an exercise price equal to CAD$0.30. The options will be subject
to the terms and conditions of the Company's stock option plan and will be
exercisable for a period of ten years. The options are subject to TSX Venture
Exchange approval.


More information about Strata-X's portfolio of projects can be found on the
Company's website at www.strata-x.com.


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 123,752,453 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)
(www.sedar.com) and ASX.com.au (Australia).


CAUTIONARY STATEMENT

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 www.sedar.com. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strata-X Energy Ltd.
Tim Hoops (USA)
President
+1 720-515-8793
info@strata-x.com


Strata-X Energy Ltd.
Colin Christensen (Canada)
Investor Relations
+1 403-483-8363
colin@strata-x.com


Strata-X Energy Ltd.
Duncan Cornish (Australia)
Corporate Secretary
+61 7-3212-6299
dcornish@strata-x.com
www.strata-x.com

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