Strata Oil & Gas Inc.: Announces Revocation of Cease Trade Order
21.06.2016 | FSCwire
CALGARY - Strata Oil & Gas Inc. ("Strata" or the "Company") announces that it has been successful in its applications to the Alberta Securities Commission, as principle regulator, and the British Columbia Securities Commission, to revoke the cease trade orders issued on June 14, 2013 and October 3, 2014, respectively (the "Cease Trade Orders"). The Cease Trade Orders were issued as a result of the Company's failure to file outstanding continuous disclosure documents on SEDAR, as required pursuant to Multilateral Instrument 51-101 – Issuers Quoted in the U.S. Over –the-Counter Markets. The Company has completed its outstanding filings and the Cease Trade Orders were revoked by the Alberta Securities Commission and the British Columbia Securities Commission on June 20, 2016.Planned Work by the Company for 2016
When adequate funding can be assembled Strata intends to proceed with its drill exploration program and identified targets to test for cold production. In addition, the Company continues to work with potential partners to discuss potential funding arrangements which could facilitate the furtherance of our drill program.
About Strata Oil & Gas
Strata Oil & Gas is a US-publicly traded company focused on the exploration and development of heavy oil and bitumen. The Company currently owns a 100% interest in its Cadotte heavy oil project in the Peace River region of Alberta's Carbonate Triangle. For more information, go to the Company's website at www.strataoil.com.
Strata Oil and Strata Oil & Gas are trademarks of Strata Oil & Gas Inc. This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Contact Information
Strata Oil & Gas Inc.
Investor Relations
1-877-237-5443 or 1-403-237-5443
info@strataoil.com
www.strataoil.com