Dual-listed Strata-X Energy has inked a non-disclosure agreement (NDA) with the Botswana Development Corporation (BDC) to develop a multi-staged $10-million financing strategy for the Serowe coal-bed methane project, in Botswana.
The NDA will allow the BDC to review the Serowe project and business models, and will have between 60 to 90 days to conduct due diligence on the project, with the aim of providing a multi-stage finance package to develop Serowe.