Strategic Metals Ltd. Announces Disposition of Securities of Precipitate GOLD Corp.
STRATEGIC METALS LTD. ANNOUNCES DISPOSITION OF SECURITIES OF
PRECIPITATE GOLD CORP.
July 9, 2020 – Strategic Metals Ltd. (TSX -V: SMD) (“Strategic”) announces that it has disposed of
ownership of and control over 2,140,000 common shares of Precipitate Gold Corp. (“Precipitate”) over
the period from May 7, 2020 to July 8, 2020 by way of ordinary market transactions through the facilities
of the TSX Venture Exchange.
Immediately prior to the disposition of these shares, Strategic had ownership of and control over
22,892,827 common shares of Precipitate, representing 21.64% of the common shares of Precipitate then
issued and outstanding. Following the disposition of these shares, Strategic currently has ownership of
and control over 20,752,827 shares of Precipitate, representing 19.62% of the common shares of
Precipitate currently issued and outstanding.
The securities of Precipitate disclosed herein are held by Strategic for investment purposes. Strategic may
increase or decrease its ownership of securities of Precipitate in the future, depending upon market
conditions. There are no persons acting jointly or in concert with Strategic with respect to its security
holdings in Precipitate, nor has it entered into any agreements with respect to its security holdings in
Precipitate with any other person or persons.
A copy of Strategic’s Early Warning Report required to be filed by Strategic in connection with its
disposition of these 2,140,000 shares of Precipitate will be available on SEDAR at www.sedar.com and
may be obtained from Strategic at the address set forth below:
Strategic Metals Ltd.
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
This news release is being issued pursuant to National Instrument 62 -103, which also requires that
Strategic file the Early Warning Report with each of the British Columbia and Alberta Securities
Commissions containing information with respect to its security holdings in Precipitate.
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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Corporate Information
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
http://www.strategicmetalsltd.com
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.
This news release may contain forward looking statements based on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of explor ation
and other risk factors beyond its control, and actual results may differ materially from the expected
results.