Strategic Metals Ltd. Announces Private Placement
STRATEGIC METALS LTD. ANNOUNCES PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
June 25, 2019 – Vancouver, B.C. - Strategic Metals Ltd. (TSX-V: SMD) (“Strategic” or the “Company”)
announces a private placement to consist of the sale of the following securities:
(a) up to 5,128,206 flow -through units at a price of $0.39 per flow -through unit, to raise
gross proceeds of up to $2,000,000 . E ach flow -through unit will consist of one flow -
through common share and one -half (1/2) of a share purchase warrant, with each whole
warrant entitling the holder to purchase one additional common share at a price of $0.40
for a period of 24 months of closing; and
(b) up to 2,000,000 units at a price of $0.30 per unit, to raise gross proceeds of up to
$600,000. E ach unit will consist of one common share and one -half (1/2) of a share
purchase warrant, with each whole warrant having the same terms as disclosed in (a)
above in respect of the warrants forming part of the flow-through units.
The proceeds from this private placement will be u sed to finance further exploration at certain of the
Company’s mineral properties , (see news release dated May 9, 2019) and for working capital p urposes.
The placement is subject to regulatory acceptance.
All securities issued pursuant to the private placement, including any shares that may be issued pursuant
to the exercise of the share purchase warrants, will be subject to a hold period in Canada of four months
and one day from closing. Finders’ fees may be paid on a portion of the funds raised.
About Strategic Metals Ltd.
Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50
years of focused exploration and research by a team with a track record of major discoveries. Current
projects include 116 wholly-owned, 5 joint -ventures, 5 under option and 8 royalty interests. Projects
available for option, joint venture or sale include drill -confirmed prospects and drill -ready targets with
high-grade surface showings, geochemical anomalies and geophysical features that resemble those at
nearby deposits.
Strategic has a c urrent cash position of over $8 million and large shareholdings in a number of active
mineral expl oration companies including 45.2 % of GGL Resources Corp., 41.7 % of Rockhaven
Resources Ltd., 27.7% of Precipitate Gold Corp., 17.9 % of Silver Range Resources Ltd., 9.1% Trifecta
Gold Ltd., and 6.4% of ATAC Resources Ltd.
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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
The securities referred to in this news release have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to,
or for the account of or benefit of, U.S. persons absent U.S. registration or an applicable exemption from
the U.S. registration requirements. This news release does not constitute an offer for the sale of
securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the
United States must be made by means of a prospectus containing detailed information about the company
and management, as well as financial statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Excha nge) accepts responsibility for the adequacy or accuracy of
this release.