SXT stratum metals limited

@gassin123 - Maybe read the original announcement from 3 July...

  1. 242 Posts.
    lightbulb Created with Sketch. 2
    @gassin123 - Maybe read the original announcement from 3 July 2015 where they clearly state that they will have a cash raise - quote for your reference

    o Stratum undertaking and successfully completing a capital raising with valid applications for at least $4,000,000 (Capital Raising);
    o Stratum undertaking a consolidation of its issued share capital on a 1 for 2 basis (or such other ratio as determined by Stratum in its sole discretion) (Consolidation); and
    o Stratum holding a shareholder meeting to:  obtain all approvals that are required to give effect to the transactions contemplated; and  change the name of Stratum to “Locality Planning Energy Limited” (or such other name as is agreed between LPE and Stratum).
    • Armada Capital Pty Ltd will receive 75,000,000 Options (exercisable at a 25% premium to the price of the Capital Raising on a pre-Consolidation basis on or before 30 June 2017) in consideration for introducing and assisting with the implementation of the proposed acquisition of LPE by Stratum.


    Hope this helps.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.