Business
Strategic Metals Ltd. Announces Share Distribution Record Date in connection with Plan of Arrangement with Trifecta Gold Ltd.
VANCOUVER, BC--(Marketwired - May 19, 2017) - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic" or the "Company") announces, further to its April 26, 2017 a
About this update from Strategic Metals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - May 19, 2017) - Strategic Metals Ltd. (TSX VENTURE: SMD) (\"Strategic\" or the \"Company\") announces, further to its April 26, 2017 and April 27, 2017 news releases, that the TSX Venture Exchange (the \"Exchange\") has granted conditional approval for the listing of the common shares of Trifecta Gold Ltd. (\"Trifecta\") thereon pursuant to its Plan of Arrangement (the \"Arrangement\") with Strategic, subject to Trifecta satisfying all of the balance of the Exchange's conditions for listing. As previously disclosed, under the Arrangement Strategic will distribute to its own shareholders most of the Trifecta shares it has acquired on the basis of one Trifecta common share for each four and one-half (4 ½) shares of Strategic held. The Trifecta common shares will be distributed to persons who are shareholders of Strategic at the close of business (Vancouver time) on May 31, 2017 (the \"Share Distribution Record Date\"), with the distribution to be made shortly thereafter. Strategic shareholders will not be required to do anything to obtain their Trifecta shares, as they will be distributed pursuant to the shareholders' list maintained by Strategic's registrar and transfer agent, Computershare Investor Services Inc., as of the Share Distribution Record Date. Trifecta After Completion Of The Arrangement Upon completion of the Arrangement, Trifecta will hold interests in four mineral properties, all located within the White Gold District of the Dawson Range Gold Belt in southwestern Yukon. The Eureka, Triple Crown (formerly known as the OOO) and Treble (formerly known as the LLL) properties are all 100% owned by Trifecta. The fourth property (the Trident property) consists of three claim blocks optioned from arm's-length optionors and a number of claims wholly-owned by Trifecta which it acquired by staking. Of the claims blocks under option, Trifecta has the optional rights to acquire a 100% interest in the CH claims and up to a 75% interest in the Squid East and Squid West claims. Full particulars of Trifecta's mineral property interests will be disclosed in Trifecta's Listing Application upon receipt of final acceptance from the Exchange therefor, with the Listing Application then to be filed on SEDAR. Following the completion of the Arrangement, Trifecta will be a reporting issuer in British Columbia a...