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Strategic Metals Ltd. Announces Early Warning Report Filing Regarding Its Shareholdings in Rockhaven Resources Ltd.

31.07.2012  |  Marketwired

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/31/12 -- Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") announces it has acquired 2,586,000 "flow-through" common shares of Rockhaven Resources Ltd. ("Rockhaven") at a price of $0.36 per share pursuant to a private placement, for total subscription proceeds of $930,960.


Prior to the acquisition of these 2,586,000 shares, Strategic held 12,076,500 shares of Rockhaven, representing approximately 25.83% of Rockhaven's issued capital prior to the closing of the private placement. As a result of its participation in this private placement, Strategic now holds 14,662,500 shares of Rockhaven, representing approximately 28.01% of the 52,348,109 shares of Rockhaven currently issued and outstanding. All of these 14,662,500 shares of Rockhaven are held directly by Strategic and are being held for investment purposes. Strategic may in the future take such actions in respect of its Rockhaven shares as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Rockhaven through open market purchases or privately negotiated transactions, or the sale of all or portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers.


There are no persons acting jointly or in concert with Strategic with respect to Strategic's shareholdings in Rockhaven, nor has Strategic entered into any agreements in respect of its shareholdings in Rockhaven with any person with which Strategic acts jointly or in concert.


This news release is issued pursuant to Multilateral Instrument 62-104, which also requires a report to be filed with the British Columbia and Alberta Securities Commissions containing information with respect to the foregoing matters.


For additional information concerning Strategic Metals Ltd. please visit Strategic's website at www.strategicmetalsltd.com.


CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Strategic are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Strategic are those risks described herein and from time to time, in the filings made by Strategic with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.com.


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.

Contacts:

Strategic Metals Ltd. - Corporate Information

W. Douglas Eaton

President and C.E.O.

(604) 688-2568


Strategic Metals Ltd. - Corporate Information

Bruce A. Youngman

Chairman

(604) 687-2522


Strategic Metals Ltd. - Investor Inquiries

Richard Drechsler

Corporate Communications

(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com


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