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Strategic Metals Ltd. announces completion of Plan of Arrangement

15.06.2017  |  GlobeNewswire
VANCOUVER, June 15, 2017 - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") announces, further to its May 19, 2017 News Release, that it has completed its Plan of Arrangement (the "Arrangement") to spin-out certain of its assets into Trifecta Gold Ltd. ("Trifecta"), as approved by Strategic's shareholders at its Special General Meeting held on April 21, 2017 and as approved by a final Order of the Supreme Court of British Columbia on April 25, 2017.

Under the Arrangement, Strategic has distributed to its own shareholders of record as of May 31, 2017 a total of 19,872,254 common shares of Trifecta. Strategic continues to hold 2,127,747 common shares of Trifecta for investment purposes, representing 9.19% of the 23,150,001 common shares of Trifecta currently outstanding.

Strategic has also been advised by the TSX Venture Exchange that, effective at the opening on June 15, 2017 the Trifecta common shares commence trading under the symbol "TG".


ON BEHALF OF THE BOARD

"W. Douglas Eaton"
President and Chief Executive Officer



For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com.


This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of Strategic in the United States. Strategic's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Investors are cautioned that, except as disclosed in Strategic's Management Information Circular, any information released or received with respect to the Arrangement may not be accurate or complete and should not be relied upon.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

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 release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES




Contact Information:

Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton, President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler, V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com
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