July 3 (Reuters) - Strata-X Energy Ltd SXE.V :
* ARRANGED A$1.355 MILLION EQUITY RAISE TO ENABLE IT TO CARRY OUT INITIAL APPRAISAL DRILLING ON ITS SEROWE CSG PROJECT LOCATED IN BOTSWANA
* WILL COMPLETE 5 FOR 3 CONSOLIDATION OF ITS CAPITAL & PRIVATE PLACEMENT OF 27.1 MILLION SHARES AT OF A$0.05 ON A POST CONSOLIDATION BASIS