Stratacom Technology inc.

February 25, 2005 15:37 ET

Stratacom Announces Closing of Private Placement and Name Change


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STRATACOM TECHNOLOGY INC.

NEX BOARD SYMBOL: STH.H

FEBRUARY 25, 2005 - 15:37 ET

Stratacom Announces Closing of Private Placement and
Name Change

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 25, 2005) - Stratacom
Technology Inc. (the "Company") (NEX:STH.H) announces that it has,
subject to final regulatory approval, closed its private placement,
originally announced to be $1,200,000, by the issue of 3,929,000 units
and 650,000 flow through shares for gross proceeds of $2,289,000 and an
additional 292,600 units were issued as commissions to various agents
who assisted the Company in placing the private placement. Each unit
consists of one common share and one common share purchase warrant
entitling the holder to subscribe for one common share for 12 months at
$0.70 per share. All shares and warrants issued pursuant to this private
placement are subject to a hold period expiring June 22, 2005.

The Company is in the process of changing its name to Strategic Oil &
Gas Inc. Upon the filing of post closing documents with the Exchange,
the Company will trade under its new name and be classified as a Tier 2
oil & gas company by the Exchange.

Drilling of the first well of the Company's north eastern Alberta gas
play is expected to commence early next week.


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Stratacom Technology Inc.
    Arn Schoch
    President
    (604) 682-0338
    Email: arn@helix.net
    The TSX Venture Exchange has neither approved nor disapproved of the
    contents of this press release.