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."
"Peter Kozicz"
President, CEO
About Strata Minerals Inc.
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