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Strata-X Energy Ltd Updates On Capital Raising And Initial Public Offering On ASX


Tuesday, 12 Feb 2013 10:12am EST 

Strata-X Energy Ltd announced that the offering associated with the Company's dual-listing on the Australian Securities Exchange (ASX) has closed with approximately AUD12.6 million in firm commitments. The final numbers are being tabulated and documentation processed with a final tally expected by February 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 IPO was lead managed by BBY Ltd and Helmsec Global Capital Limited. Bizzell Capital Partners Pty Ltd acted as financial advisor to Strata-X. 

Company Quote

0.175
0.0050 +2.94%
17 Dec 2014