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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 Ltd. ("Strata-X" or the "Corporation") (TSX VENTURE:SXE) wishes to announce, further to its news release on May 15, 2012, regarding a non-brokered private placement of units and convertible notes, that it intends to adjust the conversion price of the convertible notes from $0.28 to $0.25. The principal amount and accrued interest on the convertible notes shall be convertible to units at a deemed price of $0.25 per unit. Each unit will be made up of one common share and one-half of a common share purchase warrant. Each whole warrant will be exercisable to acquire one common share at a price of $0.50 per share. The convertible notes shall automatically convert at the end of the one year term into such units. Other particulars regarding the private placement announced on May 15 remain unchanged. Public documents for Strata-X Ltd. can be found at SEDAR (www.sedar.com).
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