Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which Will Expire ON
STRATEGIC METALS LTD. ANNOUNCES NEW NORMAL COURSE ISSUER BID TO
SUCCEED THE NORMAL COURSE ISSUER BID WHICH WILL EXPIRE ON
DECEMBER 2, 2020
Vancouver, BC - November 30, 2020 – Strategic Metals Ltd. (TSX -V: SMD) (“Strategic”) announces
that it is making a new Normal Course Issuer Bid (the “ New Bid”) pursuant to the provisions of TSX
Venture Exchange Polic y 5.6, to succeed its existing Normal Course Issuer Bid (the “Old Bid”), as
accepted by the TSX Venture Exchange on November 28, 2019.
Strategic has purchased no shares under the Old B id, which will expire on December 2, 2020. The New
Bid will consist of the acquisition by Strategic of up to 8,700,000 common shares of its capital stock,
representing approximately 10% of the “public float” of 87,599,346 common shares upon the date of
commencement of the New Bid. (There are currently 106,705,767 common shares of Strategic issued and
outstanding.) The New Bid will commence on December 3, 2020, and will expire on December 2, 2021.
Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 6,600,000
common shares), because it is of the opinion that fluctuating global market conditions periodically (and
currently) may result in unwarranted reductions in Strategic’s share price that do not reflect the
underlying value of its assets. Strategic will utilize unallocated cash resources to effect purchases under
the New Bid with a view to capitalizing on these potential price weaknesses. Shares purchased under the
New Bid will be made at Management’s discretion based on market conditions , and will be returned to
Strategic’s treasury for cancellation.
The New Bid will be conducted on behalf of Strategic by PI Financial Corp., of Suite 1900 - 666 Burrard
Street, Vancouver, B.C.
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:
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.
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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.