Strata announces increase in financing
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TORONTO, Oct. 10, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") today announced an increase to its previously announced non-brokered private placement. The maximum offering has been increased from 5,000,000 units to 6,500,000 units at a price of $0.10 per unit. If fully subscribed, aggregate gross proceeds of the offering will be $650,000.
In all other respects, the terms of the private placement will be as announced on September 25, 2012.
Completion of the private placement 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 release.
SOURCE Strata Minerals Inc.