Directors Announce Acquisition of Common Shares of Strata-X Ltd.
EDMONTON, ALBERTA--(Marketwire - Sept. 30, 2011) - Further to the news release of Strata-X Ltd. (TSX VENTURE:SXE) ("Strata-X" or the "Corporation", formerly Ozcapital Ventures Inc.) dated September 22, 2011, with respect to the completion of the Corporation's Qualifying Transaction, three directors of Strata-X announce their acquisition of common shares of the Corporation. Effective September 22, 2011, Peak Resource Management, Inc. ("Peak") a private company wholly owned by Tim Hoops and his spouse, acquired a total of 6,000,000 common shares of Strata-X, representing approximately 14.2% of the issued and outstanding common shares of Strata-X, through the share exchange constituting the Qualifying Transaction. Mr. Hoops is a director, President and CEO of the Corporation Similarly, on the same day, RM Oil and Gas, LLLP ("RM") a private entity which is owned by Peak Resources (60.4%) and Tim Bradley (39.6%), acquired a total of 6,000,000 common shares of Strata-X, representing approximately 14.2% of the issued and outstanding common shares through the share exchange. Mr. Bradley is a director and CFO of Strata-X. In addition, on September 22, 2011, Prepet Pty Ltd. ("Prepet") a private company wholly-owned by Ron Prefontaine, a director of the Corporation acquired a total of 4,400,000 common shares, representing approximately 10.4% of the issued and outstanding common shares of Strata-X, by way of the same share exchange as well as through a concurrent private placement. As a result of these transactions, Peak holds 6,000,000 common shares, RM holds 6,000,000 common shares, and Prepet now holds a total of 5,636,000 common shares representing approximately 18.5% of the issued and outstanding common shares of Strata-X. There are no other persons acting jointly or in concert with Peak, RM, Prepet, Mr. Hoops, Mr. Bradley or Mr. Prefontaine. Each of Peak, RM and Prepet effected the acquisition of the common shares for long term investment purposes. Peak, RM and Prepet each reserve the right to purchase additional securities of Strata-X or to dispose of any securities of Strata-X that they may own, from time to time.