Vancouver, British Columbia--(Newsfile Corp. - March 3, 2015) - Strata Minerals Inc. (TSXV: SMP) ("Strata" or the "Company") is pleased to announce a non-brokered private placement of up to 9,230,769 common shares of the Company at a price of $0.065 per common share for gross proceeds of up to $600,000. The net proceeds of the private placement will be used for general working capital purposes and is subject to regulatory approval. Insiders of the Company will be participating in the private placement which is expected to close by March 12, 2015.
Subsequent to the private placement, the number of common shares of the Company issued and outstanding will be 33,554,765.
For further information, please contact:
Jason Bahnsen, President and CEO
Tel: +1 647 986 7542
Email: j.bahnsen@strataminerals.com
About Strata Minerals Inc. Strata Minerals Inc. is an emerging, phosphate focused, agricultural nutrient company exploring for commercial-scale phosphate rock mineralization deposits. Armed with the objectives of becoming a supplier to the US and global fertilizer industry and generating wealth for its shareholders, Strata is currently advancing its phosphate exploration project in Utah, USA and pursuing other opportunities in the bulk commodities market. For further information, please refer to the Company's website at www.strataminerals.com. Additional disclosure of the Company's financial statements, technical reports, material change reports, news releases and other information can be obtained on SEDAR at www.sedar.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.
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
