TORONTO, July 24, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that effective today, Mr. Richard Kelertas has
been appointed to the Board of Directors of the Company. Mr. Kelertas
will sit as an independent member of the Board.
Since April 2012, Mr. Kelertas has been Senior Vice President, Corporate
Development with Allana Potash Corp., a TSX listed company. Prior to
that appointment, Mr. Kelertas was one of the most prominent investment
analysts in Canada, ranked a "Top Gun" equity analyst by Brendan Woods
International (BWI) for seven years and, in 2010, one of only 14
analysts in Canada to be named a "Super Leaguer Analyst" by BWI. He was
also a Vice President and Senior Financial Analyst at Dundee Capital
Markets where he covered a number of junior potash companies. Mr.
Kelertas graduated from the University of Toronto with two science
degrees, including a Masters of Science.
Hugh Agro, Chairman of Strata, commented, "We are very pleased that
Richard has agreed to join the Strata team. Richard is a well
respected industry professional and compliments our Board's broad
experience in the capital markets and agriculture sector."
The appointment of Mr. Kelertas remains subject to receipt of approval
from the TSX Venture Exchange.
In addition, the Company announces that upon TSX Venture Exchange
approval of Mr. Kelertas' appointment, a total of 250,000 stock options
shall be granted to Mr. Kelertas in connection with the provisions of
the Company's stock option plan. The options to be granted shall vest
in four equal installments over a period of three years.
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.
Special Note Regarding Forward-Looking Statements
Certain statements included herein constitute forward-looking
statements. The words "expect", "intend", "anticipate", "propose" and
"may" and similar expressions identify forward-looking statements.
Forward-looking statements include, among other things, statements
regarding the appointment of new directors and the development and
operation of Strata's mineral properties. Forward-looking statements
are necessarily based upon a number of estimates and assumptions. While
such estimates and assumptions are considered reasonable by the
management teams of Strata, they are inherently subject to significant
business, economic, competitive and regulatory uncertainties and risks
and accordingly may not occur as described herein or at all. Investors
are cautioned that forward-looking statements are not guarantees of
future performance or events and, accordingly are cautioned not to put
undue reliance on forward-looking statements due to the inherent
uncertainty of such statements.
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
SOURCE: Strata Minerals Inc.
For further information:
Peter Kozicz, President & CEO
Tel: 1 416 460-1159
Brent Lokash, EVP & CFO
Tel: 1 604 862-5190