15:42:12 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Strategic Metals Ltd
Symbol SMD
Shares Issued 89,155,151
Close 2017-01-20 C$ 0.57
Market Cap C$ 50,818,436
Recent Sedar Documents

Strategic Metals acquires 11.34M Rockhaven shares

2017-01-23 10:28 ET - News Release

Mr. Douglas Eaton reports

STRATEGIC METALS LTD. ANNOUNCES ACQUISITION OF ADDITIONAL SECURITIES OF ROCKHAVEN RESOURCES LTD.

Strategic Metals Ltd., further to the news release of Rockhaven Resources Ltd. on Jan. 3, 2017, has acquired an additional 11,346,712 common shares of Rockhaven in connection with $2-million owed to Strategic by Rockhaven pursuant to a credit facility agreement, which shares were issued at an average deemed price of approximately 17.6 cents per share.

Immediately prior to the issuance of these shares pursuant to the debt settlement, Strategic had ownership of and control over a total of 49,047,500 common shares of Rockhaven, representing approximately 41.42 per cent of Rockhaven's then issued and outstanding common shares. Following the acquisition of the acquired shares, Strategic currently has ownership of and control over 60,394,212 common shares of Rockhaven, representing approximately 46.55 per cent of Rockhaven's currently issued and outstanding common shares.

Strategic acquired the acquired shares for investment purposes. Depending on market conditions and other factors, Strategic may from time to time acquire and/or dispose of securities of Rockhaven, or continue to hold its current position. A copy of the updated early warning report required to be filed by Strategic in connection with its acquisition of the acquired shares will be available on SEDAR and may be obtained from Strategic at the following address: suite 1016, 510 West Hastings St., Vancouver, B.C., V6B 1L8.

We seek Safe Harbor.

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