TORONTO, July 24, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is pleased to announce that effective today, Mr. Richard Kelertas has been appointed to the Board of Directors of the Company. Mr. Kelertas will sit as an independent member of the Board.
Since April 2012, Mr. Kelertas has been Senior Vice President, Corporate Development with Allana Potash Corp., a TSX listed company. Prior to that appointment, Mr. Kelertas was one of the most prominent investment analysts in Canada, ranked a "Top Gun" equity analyst by Brendan Woods International (BWI) for seven years and, in 2010, one of only 14 analysts in Canada to be named a "Super Leaguer Analyst" by BWI. He was also a Vice President and Senior Financial Analyst at Dundee Capital Markets where he covered a number of junior potash companies. Mr. Kelertas graduated from the University of Toronto with two science degrees, including a Masters of Science.
Hugh Agro, Chairman of Strata, commented, "We are very pleased that Richard has agreed to join the Strata team. Richard is a well respected industry professional and compliments our Board's broad experience in the capital markets and agriculture sector."
The appointment of Mr. Kelertas remains subject to receipt of approval from the TSX Venture Exchange.
In addition, the Company announces that upon TSX Venture Exchange approval of Mr. Kelertas' appointment, a total of 250,000 stock options shall be granted to Mr. Kelertas in connection with the provisions of the Company's stock option plan. The options to be granted shall vest in four equal installments over a period of three 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.