Strategic Metals Ltd. Announces Granting of Incentive Stock Options and the Surrender for Cancellation of Certain Incentive Stock Options
Vancouver, British Columbia (FSCwire) - Strategic Metals Ltd. (TSX-V: SMD) (“Strategic” or the “Company”), announces that it has granted incentive stock options to its independent directors, entitling them to purchase up to a total of 500,000 common shares at a price of $0.35 per share for a period of five years, which options will vest on a quarterly basis commencing three months from the date of grant.
The Company also announces that it has accepted the surrender for cancellation of options held by certain directors and officers in respect of a total of 2,375,000 shares (options in respect of 100,000 shares formerly exercisable at $2.82 per share, and options in respect of a total of 2,275,000 shares formerly exercisable at $1.45 per share).
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 or contact:
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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 |
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/StrategicMetalsMay112015.pdf
Source: Strategic Metals Ltd. (TSX Venture:SMD) http://www.strategicmetalsltd.com/s/Home.asp
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