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