Kelowna, British Columbia (FSCwire) - - Further to an Early Warning Report filed pursuant to National Instrument 62-103, Kalt Industries Ltd. proposes to sell a total of 884,702 common shares of Strike Diamond Corp. ("Strike") at a price of $0.005 or higher through the facilities of the TSX Venture Exchange.



Kalt Industries Ltd. holds 4,241,115 common shares of Strike representing 13.47% of the 31,484,361 common shares outstanding. Kalt Industries Ltd. is controlled by Mr. Kalt, who separately holds, as an individual, either directly or indirectly, 2,701,500 common shares of Strike or 8.58% of the issued shares of Strike. Calculated together , Kalt Industries Ltd. and Mr. Kalt hold 6,942,615 common shares of Strike representing 22.05% of the issued shares of Strike.



If Kalt Industries Ltd. completes the proposed sale of 884,702 common shares of Strike the resultant holding would be 3,356,413 common shares representing 10.66% of the issued shares of Strike. When calculated in combination with the holding of Mr. Kalt, the resultant holding would be 6,057,913 common shares representing 19.24% of the issued shares of Strike.



Kalt Industries Ltd. and Mr. Kalt intend to independently evaluate their respective holdings in Strike and to increase or decrease those holdings as circumstances warrant.



A copy of the Early Warning Report filed is available on SEDAR under the profile of Strike Diamond Corp, www.sedar.com.



For additional information, please contact:



Kalt Industries Ltd.

200-3016 Tutt Street

Kelowna, BC V1Y 2H5


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kaltindustries01132016.pdf

Source: Kalt Industries Ltd. (TSX Venture:SRK)