TORONTO, April 16, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that Peter Kozicz has been appointed President and CEO of the Company and Hugh Agro has been appointed Chairman of the board of directors of the Company .
Mr. Kozicz is a director of the Company and has moved from being CFO, Executive Vice President and Secretary of the Company to President and CEO. Mr. Kozicz co-founded Associated Proteins LP in 2004, a company involved in the procurement and merchandising of canola seed and related products, which was sold to Viterra Inc. in June of 2009. After the sale, Mr. Kozicz was retained by Viterra as a Senior Advisor until December 2010. From April 1997 to May 2001, he was the President, CEO and a director of Mad Catz Interactive Inc. Mr. Kozicz holds a B.Sc. Engineering and an MBA (Queen's University, Canada).
Mr. Agro, a director of the Company since April 2011, is the principal of Kelvin Holdings Inc. Mr. Agro retired from the role of Executive Vice President, Strategic Development at Kinross Gold Corporation in September 2009. He previously held senior executive positions with Placer Dome Canada, Senator Capital Partners and in investment banking with Deutsche Bank's Global Metals and Mining Group. Mr. Agro is a director of Victoria Gold Corp., RX Gold and Silver Inc. and Chantrell Ventures Corp. Mr. Agro also serves on the board of directors of Fort Berens Estate Winery Ltd. Mr. Agro holds a B.Sc. in Mining Engineering (Queen's University, Canada) and an MBA in Finance (University of British Columbia, Canada and London Business School, England).
In connection with these management changes, Nigel Gellard, has relinquished his role as President and CEO of the Company. Mr. Gellard will now concentrate his efforts on his continuing role as Managing Director of Strata Minerals Limited, the Company's wholly-owned Australian subsidiary which is currently advancing the Cardabia project in Western Australia. Mr. Gellard also remains a director of the Company.
Peter Kozicz, Strata's President and CEO commented, "This reorganization is a progression in the Company's development. It provides current management the ability to focus their roles geographically. This will enable us to advance the Cardabia project and, at the same time, increase our investor marketing efforts."
The Company also announces that Brent Lokash has been appointed to replace Mr. Kozicz in the roles of CFO, Executive Vice President and Secretary of the Company. The Company's board of directors remains unchanged. However, Peter Ellery has resigned as Chairman of the board of directors and the Company's audit and corporate governance committees now consists of Peter Ellery (Chairman), Brent Lokash and Steve Swatton.
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. 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 Transaction, the operation and development 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 release.
For further information:
Peter Kozicz, President & CEO
Tel: 1 905 815-9103