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TORONTO, March 8, 2013 /CNW/ - 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.
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
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