TORONTO, Dec. 4, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that effective today, Mr. Jason Bahnsen has been appointed to the Board of Directors of the Company. Mr. Bahnsen will sit as an independent member of the Board.
Mr. Bahnsen is a mining engineer with over 25 years of international mining industry, corporate finance and capital markets experience, with most of this time spent in the Australia and Asia regions. During his career, he has worked for major mining companies, including Rio Tinto, and spent over 10 years working for international investment banks including Deutsche Bank in Australia, Beijing and Hong Kong. While at Deutsche Bank, he was Head of Metals and Mining Asia, leading a number of major resource sector transactions throughout the region. During his investment banking career, Mr. Bahnsen has been involved in over $14 billion dollars in transactions. Most recently, Jason was CEO of Gobi Coal and Energy Limited, a private company focused on the development of coking coal projects in Mongolia.
Hugh Agro, Chairman of Strata, commented, "We are delighted to welcome Jason to the Strata team. He has a wealth of experience in the mining industry and capital markets, including the phosphate and fertilizer sectors and our focus region of Australasia. We look forward to working with Jason as we advance the Cardabia Project and grow Strata's business for the benefit of shareholders."
The appointment of Mr. Bahnsen remains subject to receipt of approval from the TSX Venture Exchange.
In connection with the appointment, the Company has granted Mr. Bahnsen 250,000 stock options. The options are exercisable at $0.15 per share, vest in four equal installments over a period of three years, and have a term of five years.
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.
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 appointment of new directors and the development and operation 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.
SOURCE Strata Minerals Inc.