SRA completes restructuring and emerges from CCAA protection



    NEX: SRZ.H

    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 info@sra-corporation.com or contact:
Victor P. Wyprysky, President and Chief Executive Officer, Email:
victor.wyprysky@sra-corporation.com

Organization Profile

STRATEGIC RESOURCE ACQUISITION CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890