JBZ CAPITAL, ON BEHALF OF ITS WHOLLYOWNED SUBSIDIARY, STRATA MINERALS LIMITED, IS PLEASED TO ANNOUNCE THAT IT HAS ENTERED INTO A LOAN AGREMMENT WITH FERTOZ Pty Ltd. agreement (the "Loan") with Fert oz Pty Ltd ("Fertoz") a private Australian company. Fertoz has a
VANCOUVER, BC, May 17, 2011 – JBZ Capital Inc. (TSXV: JBZ) (“JBZ”) is pleased to announce that its wholly‐owned subsidiary, Strata Minerals Limited (“Strata”), has entered into a loan agreement (the "Loan") with Fertoz Pty Ltd ("Fertoz") a private Australian company. Fertoz has a focus on diversified fertiliser nutrients including phosphate, potash and lime. Fertoz's project portfolio consists of 6 projects covering an area of approximately 35,000 square kilometres, principally in the Northern Territory, Australia.
Under the terms of the agreement, Strata will advance A$500,000 by way of a secured bridge loan maturing on September 30, 2011. A condition of the Loan is that the Fertoz directors also advance A$500,000 on the same terms and conditions as the Loan. The total proceeds of A$1 million will be used by Fertoz to fund their current exploration program. Under certain circumstances, both Strata and the Fertoz directors may be required to fund an additional A$500,000 each on the same terms and conditions as the initial advance. Strata will advance the loan from available working capital that will not compromise the exploration programs currently underway on its existing projects.
As part of the Loan arrangement, Strata and Fertoz have agreed to a 4 week exclusivity agreement whereby both parties will work diligently towards a broader, more comprehensive relationship between the two companies. These negotiations and exclusivity period are in keeping with Strata’s broader corporate strategy of in‐organic growth.
ON BEHALF OF THE BOARD OF DIRECTORS
JBZ CAPITAL INC.
Nigel Gellard
President, CEO and Director
For further information, please contact:
Nigel Gellard, President & CEO
Tel: +61 4 0793 8630 Email: [email protected]
Peter Kozicz, EVP & CFO
Tel: 1 905 815‐9103 Email:[email protected]
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.
About Strata
Strata is an emerging, Australasia focused, agricultural nutrient company. Based in Perth Australia, Strata is exploring for commercial scale phosphate rock mineralization deposits. Strata also intends to broaden its focus to other agricultural nutrients including potash and lime. Armed with the objectives of becoming a supplier to the global fertilizer industry and generating wealth for its shareholders, Strata is currently advancing five phosphate exploration projects in Western Australia and Queensland.
For further information on Strata Minerals, please refer to the Company's website at www.strataminerals.com.
Disclaimer for Forward‐Looking Information Certain statements in this news release are forward‐looking statements, which reflect the expectations of management regarding the JBZ’s qualifying transaction. Forward‐looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits JBZ will obtain from them.