Strata-X Energy Ltd. (TSXV:SXE) announced that it has completed a private placement of 11,666,667 units at a price of AUD 0.06 per unit for gross proceeds of AUD 700,000 on October 6, 2020. Each unit consists of one chess depository interest and one half of one unlisted option. Each option is exercisable into one chess depository interest at an exercise price of AUD 0.12 per share till 30 September 2022. The company raised the funding in Australia. The company may pay a cash fee of up to 6% of gross proceeds raised, to eligible finders. All securities issued in the transaction will have a hold period in Canada expiring on 5 February 2021. The transaction included participation from a total of 11 placees. The company paid AUD 3,000 as finders fees to Ashley Seller and AUD 6,720 to Melbourne Capital Limited. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.