Directors Announce Acquisition of Common Shares of Strata-X Ltd.
September 30 2011 - 4:02PM
Marketwired
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, R&M Oil and
Gas, LLLP ("R&M") 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, R&M 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, R&M,
Prepet, Mr. Hoops, Mr. Bradley or Mr. Prefontaine.
Each of Peak, R&M and Prepet effected the acquisition of the
common shares for long term investment purposes. Peak, R&M 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.
Contacts: Strata-X Ltd. Mr. Ron Prefontaine 780-439-8995
Strata-X Ltd. Mr. Tim Hoops 780-439-8995 Strata-X Ltd. Mr. Tim
Bradley 780-439-8995 Strata-X Ltd. c/o 10812 Bearspaw Drive East
Edmonton, AB T6J 5G1
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