Strata-X Completes Continuation and Name Change to Strata-X Energy Ltd.
GOLDEN, COLORADO and VANCOUVER, BRITISH COLUMBIA. Oct. 12, 2012 - The directors and management of Strata-X Ltd. ("Strata-X" or the "Company") (TSX VENTURE:SXE) are pleased to advise that the Company has completed its name change from 'Strata-X Ltd.' to 'Strata-X Energy Ltd.' and continuation into the province of British Columbia. The Company has launched a new logo and website. The Company's new website offers investors and interested parties in the Company expedited information regarding our projects and our management.
The common shares of the Company continue to be listed under the symbol "SXE.V" The common shares of the Company will commence trading on the TSX Venture Exchange under the new corporate name today at market opening.
Tim Hoops, President and CEO, commented, "We have come a long way since launching Strata-X over a year ago, with the name change and new streamlined website representing another transition to better brand our international operations and increase the visibility of the Company's high-growth potential resource asset base."
The name change and continuation were approved by the shareholders of the Company on September 18, 2012 and are further described in the information circular of the Company dated August 20, 2012, which is available on SEDAR at www.sedar.com. Copies of the Company's new constating documents will be made available on SEDAR.
Strata-X is a Golden, Colorado 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 and Western Australia and production and development opportunities in California and Texas. Strata-X has 48,474,005 common shares outstanding and trades under the symbol SXE on the TSX.V
Public documents for Strata-X Ltd. can be found at SEDAR (www.sedar.com)