08:29:52 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 102,927,246
Close 2018-07-03 C$ 0.10
Market Cap C$ 10,292,725
Recent Sedar Documents

Canada Strategic merger with Matamec, property deals

2018-07-03 17:52 ET - Amalgamation

The TSX Venture Exchange has accepted for filing the documentation relating to a plan of arrangement involving Canada Strategic Metals Inc. and Matamec Explorations Inc., pursuant to which each Matamec shareholder immediately prior to the effective time of the arrangement received, on postconsolidation basis, 0.267697315 of a Canada Strategic common share per one common share of Matamec further to the consolidation of the Matamec share capital in the context of the arrangement (or per 4.16 common shares of Matamec preconsolidation). The arrangement has resulted in Matamec becoming a wholly owned subsidiary of Canada Strategic.

On June 14, 2018, shareholders of Matamec accepted the plan of arrangement. On June 18, 2018, the final order of the Superior Court of Quebec was obtained for the arrangement. On June 27, 2018, the arrangement closed.

Pursuant to the arrangement, Canada Strategic has consolidated its capital on a one-new-for-4.16-old basis. Furthermore, Matamec has consolidated its capital on a one-new-for-4.16-old basis. Each Matamec optionholder received replacement Canada Strategic options in exchange for Matamec options held, entitling such former Matamec optionholder to acquire an adjusted number of postarrangement and postconsolidation Canada Strategic shares based on the transaction's exchange ratio at an adjusted exercise price based on the transaction's exchange ratio.

Canada Strategic has disclosed the transaction in press releases dated April 26, 2018, June 4, 2018, June 19, 2018, and June 28, 2018. For further information, the joint management information circular of Canada Strategic and Matamec dated May 14, 2018, is available on SEDAR.

The TSX Venture Exchange has accepted the filing of documentation relating to an acquisition agreement dated April 25, 2018, between Canada Strategic and Sphinx Resources Ltd., in connection with the acquisition by Canada Strategic of a 100-per-cent interest in the Troilus and Somanike project, and a 50-per-cent interest in the Cheechoo Eleonore project, located in the province of Quebec, in consideration of 1.2 million common shares postarrangement and postconsolidation.

Furthermore, the TSX Venture Exchange has accepted the filing of documentation relating to an acquisition agreement dated April 25, 2018, between Canada Strategic and Sirios Resources Inc., relating to the acquisition by Canada Strategic of an interest of 50 per cent in the Cheechoo Eleonore project, located in the province of Quebec, in consideration of 300,000 common shares postarrangement and postconsolidation.

For further information, please see Canada Strategic's press releases dated April 26, 2018, and June 28, 2018.

The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement announced on April 26, 2018.

Number of shares:  8,890,663 common shares postarrangement and postconsolidation

Purchase price:  61 cents per common share postarrangement and postconsolidation

Warrants:  4,445,331 warrants to purchase 4,445,331 common shares postarrangement and postconsolidation

Warrant exercise price:  85 cents per share (on a postarrangement and postconsolidation basis) for a 24-month period

Number of placees:  seven placees

Insiders:  Goldcorp Inc., 6,068,787; P.E. Partners (Jean-Francois Meilleur), 165,000; Normand Champigny, 16,400; John W.W. Hick, 16,394

Finder's fee:  nil

Canada Strategic has confirmed the closing of the private placement in press releases dated June 12, 2018, and June 28, 2018.

The TSX Venture Exchange has accepted for filing Canada Strategic's issuance of 400,000 common shares at a deemed price of 61 cents per share on a postarrangement and postconsolidation basis to settle outstanding debt of $244,000 in consideration of services rendered.

Number of creditors:  one creditor

Insider:  Consul-Tech Exploration Inc. (Jean-Sebastien Lavallee), 400,000

On June 14, 2018, shareholders of Canada Strategic accepted the share-for-service agreement.

For further information, please see Canada Strategic's press release dated June 4, 2018.

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