Strategic Metals Ltd. Closes Fully Subscribed Private Placement
STRATEGIC METALS LTD. CLOSES FULLY SUBSCRIBED PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
July 24, 2019 – Vancouver, B.C. - Strategic Metals Ltd. (TSX-V: SMD) (“Strategic” or the “Company”)
announces that it has closed the private placement announced on June 25, 2019. The private placement
consisted of the sale of the following securities:
(a) 5,128,206 flow -through units at a price of $0.39 per flow -through unit, raising gross
proceeds of $2,000,000.34, each flow-through unit consisting one flow-through common
share and one -half (1/2) of a share purchase warrant, each whole warrant entitling the
holder to purchase one additio nal common share at a price of $0.40 until July 22, 2021;
and
(b) 2,000,000 units at a price of $0.30 per unit, raising gross proceeds of $600,000, each unit
consisting of one common share and one -half (1/2) of a share purchase warrant, 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 the private placement will be used to finance further exploration at certain of the
Company’s mineral properties (see news release dated May 9, 2019) and for working capital purposes.
The Company paid cash finders’ fees totalling $34,277.87 and issued 122,422 finder warrants among
Haywood Securities Inc., Canaccord Genuity Corp., PI Financial Corp. and Sprott Capital Partners LP in
connection with the closing of this private placement. Each finder warrant h as the same terms as the
warrants forming part of the flow-through units and units disclosed above.
All securities issued pursuant to this private placement, including any shares that may be issued pursuant
to the exercise of either the share purchase warrants forming part of the flow-through units or the units or
the finder warrants, are subject to a hold period in Canada until November 23, 2019.
About Strategic Metals Ltd.
Strategic is a project generator with a portfolio of more than 130 projects th at 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 115 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.
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Strategic has a c urrent cash position of over $ 10 million and large shareholdings in a number of active
mineral exploration companies including 41.7% of Rockhaven Resources Ltd. , 37.3% of GGL Resources
Corp., 27.7% of Precipitate Gold Corp., 17.8 % of Silver Range Resources Ltd., 9.1% Trifecta Gold Ltd.,
and 6.4% of ATAC Resources Ltd.
ON BEHALF OF THE BOARD
“W. Douglas Eaton”
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projec ts 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 publ ic 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 Exchange) accepts responsibility for the adequacy or accuracy of
this release.