TORONTO, Dec. 4, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that effective today, Mr. Jason Bahnsen has been
appointed to the Board of Directors of the Company. Mr. Bahnsen will
sit as an independent member of the Board.
Mr. Bahnsen is a mining engineer with over 25 years of international
mining industry, corporate finance and capital markets experience, with
most of this time spent in the Australia and Asia regions. During his
career, he has worked for major mining companies, including Rio Tinto,
and spent over 10 years working for international investment banks
including Deutsche Bank in Australia, Beijing and Hong Kong. While at
Deutsche Bank, he was Head of Metals and Mining Asia, leading a number
of major resource sector transactions throughout the region. During
his investment banking career, Mr. Bahnsen has been involved in over
$14 billion dollars in transactions. Most recently, Jason was CEO of
Gobi Coal and Energy Limited, a private company focused on the
development of coking coal projects in Mongolia.
Hugh Agro, Chairman of Strata, commented, "We are delighted to welcome
Jason to the Strata team. He has a wealth of experience in the mining
industry and capital markets, including the phosphate and fertilizer
sectors and our focus region of Australasia. We look forward to working
with Jason as we advance the Cardabia Project and grow Strata's
business for the benefit of shareholders."
The appointment of Mr. Bahnsen remains subject to receipt of approval
from the TSX Venture Exchange.
In connection with the appointment, the Company has granted Mr. Bahnsen
250,000 stock options. The options are exercisable at $0.15 per share,
vest in four equal installments over a period of three years, and have
a term of five 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