Strata-X Energy (ASX:SXA) plans capital raise following merger delay
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Strata-X Energy (SXA) has entered a trading halt ahead of an upcoming capital raise
At this stage, it isn t certain how much the company intends to raise or what the funding will be used for but the company has been busy with some significant news flow
Last week, Strata-X entered a joint operating agreement with Botsgas for the Serowe CSG Project in Botswana
This will see Botsgas be the main operator of the project and fund a farm-in appraisal and production testing program