The TSX Venture Exchange has accepted for filing Strata-X Energy Ltd.'s proposal to issue 2,777,778 common shares of the company at a deemed price of 18 cents per share. (All figures are in Australian dollars.) Shares are to be issued pursuant to debt owed to the company's directors.
Creditors: three
INSIDERS
Amount Price Shares
Tim Hoops $200,000 $0.18 1,111,111
Ron Prefontaine $200,000 $0.18 1,111,111
Dennis Nerland $100,000 $0.18 555,556
The company shall issue a news release when the shares are issued and the debt extinguished.
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