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 statements.
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SOURCE Strata Minerals Inc.