Business
Strategic Metals Ltd. Receives Interim Order from Supreme Court of British Columbia to Hold Special General Meeting on April 21, 2017 to Approve Spin-Out of Trifecta Gold Ltd.
VANCOUVER, BC--(Marketwired - March 20, 2017) - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic" or the "Company") announces, further to its news release o
About this update from Strategic Metals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - March 20, 2017) - Strategic Metals Ltd. (TSX VENTURE: SMD) (\"Strategic\" or the \"Company\") announces, further to its news release of March 13, 2017, that on March 16, 2017, the Supreme Court of British Columbia (the \"Court\") issued an interim order that Strategic is authorized and directed to call, hold and conduct a special meeting (the \"Meeting\") of its common shareholders to be held at 10:00 a.m. on April 21, 2017, at which the Strategic shareholders will consider, and if deemed advisable, approve and adopt, with or without amendment, by way of a special resolution (the \"Arrangement Resolution\") to be passed by at least two-thirds (2/3) of the votes cast by eligible shareholders present in person or by proxy at the Meeting, the Arrangement Agreement and the Plan of Arrangement (collectively, the \"Arrangement\") involving Strategic, its shareholders and Trifecta Gold Ltd. (\"Trifecta\"). The Record Date for the determination of the Strategic shareholders who will be entitled to receive the materials for the Meeting was the close of business on March 16, 2017. Upon approval of the special resolution as provided for herein at the Meeting and receipt of a Final Order from the Court, Strategic will fix the Share Distribution Record Date, which will establish the Strategic shareholders who will be entitled to receive Trifecta shares pursuant to the Arrangement. It is anticipated that the Share Distribution Record Date will be on or about April 27, 2017, with confirmation of the actual date to be provided by Strategic by way of a subsequent news release. Full details of the Arrangement are contained within a management information circular that will be mailed to registered Strategic shareholders and to brokerage intermediaries on behalf of beneficial Strategic shareholders where applicable at least 21 days before the date of the Meeting. This management information circular, together with the form of proxy to be sent to Strategic's shareholders, can now be reviewed by interested persons under Strategic's profile at www.sedar.com. Under the Arrangement, Strategic has sold its Eureka, LLL and OOO properties to Trifecta and invested $750,000 by way of private placements to acquire 22,000,000 Trifecta common shares. Strategic will distribute most of these Trifecta common shares to Strategic shareh...