Strata-X Ltd.

Strata-X Ltd.

May 16, 2012 13:24 ET

Strata-X Ltd. Announces Appointment of Advisory Firm

GOLDEN, COLORADO, and EDMONTON, ALBERTA--(Marketwire - May 16, 2012) - Strata-X Ltd. ("Strata-X" or the "Corporation") (TSX VENTURE:SXE) is pleased to announce the appointment of independent corporate advisory firm Bizzell Capital Partners Pty Ltd ("Bizzell Capital") as the Corporation's corporate advisor.

Bizzell Capital is a boutique corporate advisory and investment firm providing advice and financing to both private and public enterprises.

Focusing on transactions for small and medium size enterprises, Bizzell Capital specialises in the provision of capital for expansion and development of projects and companies in the energy, mining, technology and financial services sectors.

Bizzell Capital was founded by Stephen Bizzell and remains a privately owned, independent company. Stephen, together with his associated entities, has been a financier, director and adviser to numerous projects and companies in Australia and abroad. Stephen has been the architect and financier behind numerous successful listings on the Australian and Canadian exchanges. Stephen stepped down as Executive Director of Arrow Energy, a company he co-founded in 1999, after its sale to a JV between Shell and PetroChina for $3.5 billion. He also served as a Non-Executive Director of Bow Energy Ltd up until its takeover by Arrow Energy Pty Ltd for $550 million in January 2012.

Bizzell Capital has been engaged by Strata-X to assist the board and management in the areas of corporate strategy including capital raising initiatives.

Strata-X's Executive Chairman, Ron Prefontaine, said "The board is extremely pleased to welcome Bizzell Capital as Strata-X's corporate advisor".

"As Strata-X accelerates its exploration and development efforts the requirement for a strong commercial and capital raising focus will assist in shaping its future. Bizzell Capital with their extensive experience in commercial strategy and capital markets will assist in delivering shareholder value".

"We look forward to working with Stephen and his team".

Strata-X is a Edmonton, Alberta and 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, and production and development opportunities in California and Texas. Strata-X has 42,600,565 common shares outstanding and trades under the symbol SXE on the TSX.V

Public documents for Strata-X Ltd. can be found at SEDAR (

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions are intended to identify forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See "Risks and Uncertainties" in the Company's Filing Statement dated August 30, 2011 available on SEDAR at These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Strata-X Ltd.
    Tim Hoops

    Strata-X Ltd.
    Doug Walker
    Corporate Secretary