On January 3, 2020, Strata-X Energy Ltd. (TSXV:SXE) closed the transaction. The company issued 6,400,000 units for gross proceeds of AUD 320,000 in its second and final tranche. The second tranche included participation from the company's Executive Chairman Prefontaine for 3,400,000 shares for proceeds of AUD 170,000. All securities issued in second tranche will have a hold period expiring on May 3, 2020. The transaction included participation from 20 placees. The company paid finder's fee of AUD 24,500 including AUD 5,500 to Bizzell Capital Partners Pty Ltd, AUD 3,000 to Claymore Capital Pty Ltd, AUD 8,500 to Ballarat Ceramic Industries Pty Ltd, AUD 5,000 to Rosh Capital Advisors and AUD 2,500 to C Baillieu.