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. "Peter Kozicz" President, CEO