STRATA-X ENERGY LTD. ("SXE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 7, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Heads of Agreement (the "Agreement") between the Company and Magnum Gas and Power Ltd. ("Magnum") whereby the Company will farm-in to earn up to 75% of the Serowe CSG project (the "Project") located on the Kalahari Basin CSG Fairway in Botswana, Africa from Magnum. Pursuant to the terms of the Agreement, farm-in is in three stages and the Company has up to 3 years to complete all stages, with each stage earning the company a 25% working interest in the Project. The first stage is a firm commitment and is estimated to cost A$1,100,000 with the second and third stages being optional based on the results of the prior stages.
Insider / Pro Group Participation: None
For further information, please refer to the Company's press release dated February 14, 2017.
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