TORONTO, ONTARIO(Marketwired Feb. 9, 2017)
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Strata Minerals Inc. (TSX VENTURE:SMP) (Strata Minerals or, the Company) announces the restructuring of its affairs.
Restructuring Overview
Strata Minerals announces the following shareholder approved restructuring transactions as well as board and executive appointments:
- The issuance of 49,800,000 pre-consolidation common shares to certain creditors who advanced $249,000 towards the short term operational budget of the Company in exchange for promissory notes (Promissory Notes). The Promissory Notes are to be settled through the issuance of common shares of the Company at a deemed pre-consolidati…
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