Strata Minerals Inc. announces private placement update
08.03.2013 | CNW
TORONTO, March 8, 2013 - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") today announced a re-pricing of its previously announced non-brokered private placement from 10,000,000 units at a price of $0.10 per unit to 12,500,000 units at a price of $0.08 per unit. If fully subscribed, aggregate gross proceeds of the offering will be $1,000,000.Each unit consists of one common share of the Company and one-half of one share purchase warrant. Each warrant will entitle the purchaser to purchase an additional common share at a price of $0.12 per share for a period of eighteen months following the closing of the offering.
In all other respects, the terms of the private placement will be as announced on February 13, 2013.
Completion of the private placement is expected to be completed imminently and is subject to the approval of the TSX Venture Exchange.
"Peter Kozicz"
President, CEO
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging, Australasia focused, agricultural nutrient company exploring for commercial scale phosphate rock mineralization deposits. Armed with the objectives of becoming a supplier to the global fertilizer industry and generating wealth for its shareholders, Strata is currently advancing its phosphate exploration projects in Western Australia and Queensland and intends to broaden its focus to other agricultural nutrients including potash and lime. All references to the Company in this release include the Company's wholly owned Australian subsidiary, Strata Minerals Pty Ltd. For further information, please refer to the Company's website at www.strataminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
For further information:
Strata Minerals Inc.
Peter Kozicz, President & CEO
Tel: 1 416 460-1159
Email: p.kozicz@strataminerals.com
Brent Lokash, EVP & CFO
Tel: 1 604 862-5190
Email: b.lokash@strataminerals.com