Strata-X Energy Ltd.: AUD$12.7 Million Australian Offering Completed

Thu Mar 7, 2013 10:50pm EST

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Marketwire

Strata-X Energy Ltd.

March 7, 2013 - 10:50:25 PM

Strata-X Energy Ltd.: AUD$12.7 Million Australian Offering Completed

GOLDEN, COLORADO and BRISBANE, QUEENSLAND AUSTRALIA and VANCOUVER, BRITISH
COLUMBIA--(Marketwire - March 7, 2013) - The directors and management of
Strata-X Energy Ltd. ("Strata-X" or the "Company") (TSX VENTURE:SXE) (ASX:SXA)
are pleased to announce the completion of the its initial public offering in
Australia (the "Offering") (see press release dated December 21, 2012). An
aggregate of 42,303,293 CHESS depository interests (CDIs) were sold, at a
price of AUD$0.30 per CDI, generating aggregate gross proceeds of
AUD$12,690,987.

Each CDI is equivalent to and exchangeable for one common share in the capital
of Strata-X.

Bizzell Capital Partners Limited were the Corporate Advisors (the "Advisors")
to the Offering and BBY Limited and Helmsec Global Capital Ltd. were the joint
lead managers (the "Agents") for the Offering).

Upon closing, the Agents received an aggregate commission AUD$761,459.27, a
management fee of AUD$126,909.88 as well as an aggregate of 1,265,383 brokers
warrants exercisable at a price of A$0.36 per CDI until February 20, 2016. The
Advisors received a success fee of AUD$207,040.41.

All of the securities issuable under the Offering are subject to a hold period
in Canada expiring on June 21, 2013, such that the CDIs or underlying shares
may not be resold into Canada during such period, unless an exemption is
available. The CDIs are tradeable on the ASX upon listing.

The net proceeds of the Offering will be used to fund a drilling campaign on
the Company's oil and gas projects in the Eagle Ford Maverick Oil Project in
Texas, the Vail Oil Project in Illinois and the Sleeping Giant Project in
North Dakota, as well as expenditures associated with the Offering and ongoing
working capital for general and administration expenses.

The Company expects the CDIs to commence trading on the ASX in the week of
March 11, 2013.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction where such offer, solicitation or sale would be unlawful.

Strata-X is a Golden, 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, Illinois and
Western Australia and production and development opportunities in California.
Strata-X has 80,932,720 common shares outstanding and trades under the symbol
"SXE" on the TSX.V and "SXA" on the ASX.

Public documents for Strata-X Energy Ltd. can be found at SEDAR
(www.sedar.com)

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 are 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
President
720-515-8793
info@strata-x.com


Strata-X Energy Ltd.
Colin Christensen
Investor Relations
403-483-8363
colin@strata-x.com




        

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.
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