TORONTO, Feb. 29, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) is pleased to announce that it has filed on Sedar its unaudited financial statements along with the associated Management Discussion and Analysis for the quarter ended December 31, 2011. Highlights from the filings include:
- December 31, 2011 net working capital position of $1.236 million
- Exploration expenses in the quarter of $0.076 million
- Net working capital as of February 27, 2012 of $0.925 million
- Shares outstanding as of February 27, 2012 totalled 61.8 million
ON BEHALF OF THE BOARD OF DIRECTORS
About JBZ and Strata
JBZ, through its wholly-owned subsidiary, Strata Minerals Limited, 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.
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:
Nigel Gellard, President & CEO
Tel: +61 4 0793 8630
Email: [email protected]
Peter Kozicz, EVP & CFO
Tel: 1 905 815-9103