Stratic Energy Corporation - Issue of shares in respect of convertible bond interest
Fri May 16, 2:00 AMCALGARY and LONDON, May 16 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that application has been made to the London Stock Exchange and the Toronto Stock Exchange for 119,096 common shares in the Company to be admitted to trading on the AIM and the TSX-V respectively.
These common shares have been issued and allotted at a price of C$0.6618 per common share pursuant to the recent election by holders of US$ 2.0 million of Stratic's 8.75% convertible Notes, due 2011, to receive the first half yearly interest payment for 2008 in common shares instead of cash.
The issued share capital of the Company is now 271,462,724 common shares.
Admission to AIM is expected on May 16, 2008.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
release.
ContactsPeter ThomasChief Financial Officer
+44 20 77667900 Patrick d'Ancona
M: Communications
+44 20 7153 1547 Canadian Investor Relations
Roger Fullerton
(952) 929-7243
Email: roger.fullerton@straticenergy.com
Website: www.straticenergy.com
