Strata Minerals is approved for Government co-funded exploration drilling grant
TORONTO, June 18, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) (“Strata” or the “Company”) is pleased to announce that the Government of Western Australia
Department of Mines and Petroleum (the “Department”) has approved a
grant to the Company in the amount of AUD $150,000. The funds will be
advanced for drilling expenditures on the Company’s Phase 1 field work
program at its 80% owned Cardabia Phosphate Project located near
Exmouth in Western Australia. The grant program is based on the
Department and the Company co-funding drilling expenditures with the
Department’s contribution capped at AUD $150,000.
Peter Kozicz, President & CEO of Strata, stated, “The Company’s
application for the grant underwent a rigorous review by the Department
and we are delighted to have been approved for the maximum amount of
funds provided under the program.”
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 Limited.
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
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.