TORONTO, Aug. 17 /CNW/ - Strategic Resource Acquisition Corporation
("SRA") announces that it has successfully completed its restructuring and has
emerged from protection under the Companies' Creditors Arrangement Act.
SRA distributed to arm's length creditors an aggregate $1,787,620 cash
and 58,654,648 common shares pursuant to the court approved plan of compromise
previously disclosed in press releases dated June 18 and June 29, 2009.
"We are pleased to have completed the restructuring in a timely manner
and are now focused on evaluating and pursuing suitable opportunities in order
to position the company as a developer of base metal projects on behalf of our
shareholders," said Victor Wyprysky, President and Chief Executive Officer.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this release.
For further information:
For further information: email email@example.com or contact:
Victor P. Wyprysky, President and Chief Executive Officer, Email: