TSX: SRZ (Cmn Shs) SRZ.NT; NT.A (Notes) |
Suite 401, One University Avenue Toronto, Ontario M5J 2P1 (416) 861-0430 www.sra-corporation.com |
PRESS RELEASE
SRA meets sinking fund payment requirement
TORONTO, ONTARIO. October 14, 2008. Pursuant to the covenants of the trust indenture governing its Series I Notes, Strategic
Resource Acquisition Corporation ("SRA") has met the criteria for the second quarterly sinking fund payment of $1,875,000
due September 30, 2008 by releasing the existing sinking funds previously held in escrow and applying such funds to the September
30th sinking fund payment obligation.
Management will continue with discussions to restructure the Company?s obligations and seek to provide a comprehensive
solution to its liquidity requirements for the benefit of all stakeholders.
For further information, please email info@sra-corporation.com or contact:
Victor P. Wyprysky Ian M. MacNeily
President and Chief Executive Officer Executive VP and Chief Financial Officer
Tel: (416) 861-0430 ext. 1833 Tel: (416) 861-0430 ext. 1422
Email: victor.wyprysky@sra-corporation.com Email: ian.macneily@sra-corporation.com
Donna Yoshimatsu
VP Investor Relations & Communications
Tel: (416) 861-0430 ext. 1003
Email: donna.yoshimatsu@sra-corporation.com