Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which Will Expire on November 24, 2012
Published : November 20, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2012) - Strategic Metals Ltd. (News - Market indicators) ("Strategic") announces that it is making a new Normal Course Issuer Bid (the "New Bid") pursuant to the provisions of TSX Venture Exchange Policy 5.6, to succeed its existing Normal Course Issuer Bid (the "Old Bid"), as accepted by the TSX Venture Exchange on November 23, 2011.

Strategic has not purchased any shares under the Old Bid, which will expire on November 24, 2012, although it has purchased a total of 3,605,500 shares since January 2008 at an average price of $0.28 per share under three successive Normal Course Issuer Bids. The New Bid will consist of the acquisition by Strategic of up to 8,400,000 common shares of its capital stock, representing approximately 10% of the "public float" of 84,694,833 common shares upon the date of commencement of the New Bid. (There are currently 90,156,851 common shares of Strategic issued and outstanding.) The New Bid will commence on November 26, 2012, and will terminate on November 25, 2013.

Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 8,400,000 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.

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 exploration and other risk factors beyond its control, and actual results may differ materially from the expected results. 

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.

Strategic Metals Ltd. - Corporate Information
W. Douglas Eaton
President and C.E.O.
(604) 688-2568
or
Strategic Metals Ltd. - Corporate Information
Bruce A. Youngman
Chairman
(604) 687-2522
or
Strategic Metals Ltd. - Investor Inquiries
Richard Drechsler
Corporate Communications
(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com

Strategic Metals Ltd.

EXPLORATION STAGE
CODE : SMD.V
ISIN : CA8627582080
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Strategic Metals is a producing silver and gold company based in Canada.

Strategic Metals holds various exploration projects in Canada.

Its main exploration properties are TIDD, LUMINA, EUREKA, BURWASH, IGOR, NORTHERN DANCER, PEDLAR, PTERD and STEEL in Canada.

Strategic Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 62.5 millions as of today (US$ 47.5 millions, € 42.3 millions).

Its stock quote reached its lowest recent point on December 24, 2002 at CA$ 0.06, and its highest recent level on July 15, 2011 at CA$ 4.24.

Strategic Metals has 86 768 351 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Strategic Metals Ltd.
9/27/2010Hidden Gems in Strategic Metals
Financings of Strategic Metals Ltd.
7/25/2016Announces Flow-Through Share Private Placement
3/15/2011Announces Closing of $16.25 Million Private Placement
12/5/2007Exercises ATAC Flow Through WarrantsContent-class: urn:conte...
Nominations of Strategic Metals Ltd.
11/6/2013Announces Addition to Board and Appointment of Vice-Presiden...
4/12/2011Appoints Gordon Davis to Board of Directors
Project news of Strategic Metals Ltd.
6/20/2013(Midas Touch)Announces 2013 Exploration Programs at Midas Touch Carlin-Ty...
6/20/2013(Midas Touch)Announces 2013 Exploration Programs at Midas Touch Carlin-Ty...
9/4/2012Canada Strategic Metals Receives Conditional TSXV Approval f...
5/31/2012to Drill Rackla's Scarlet East Project
2/22/2011(Midas Touch)Announces Midas Touch Project Update
1/11/2011(Mint Yukon)Announces Spin-Out Transaction to Create New Company
1/11/2011(Silver Range)Announces Spin-Out Transaction to Create New Company
8/10/2010Intersects 125.7 m of 50.09 g/t Silver.....
7/26/2010Intersects substantial intervals of mineralization at its Ke...
6/9/2009(Eureka)Announces 2009 Precious Metal Exploration Plans
5/20/2008(Burwash)Options Platinum Group Element Property to Pacific Coast Nic...
8/17/2007(Northern Dancer)Three Drills at Northern DancerContent-class: urn:content-cl...
8/2/2007Buys Former High-Grade Silver and Lead ProducerContent-class...
Corporate news of Strategic Metals Ltd.
8/3/2016Strategic Metals Ltd. exposed 570 g/t silver over 6.4 m at i...
7/28/2016Strategic Metals Ltd. reports more high grade assays from it...
7/27/2016Strategic Metals Ltd. Sells Lithium Property to Equitorial E...
7/25/2016Strategic Metals Ltd. Announces Flow-Through Share Private P...
6/13/2016Strategic Metals Ltd. Announces Phase I Exploration about to...
5/17/2016Strategic Metals Ltd. completes $600,000 Financing
5/13/2016Strategic Metals Ltd. Announces Flow-Through Share Private P...
5/10/2016Strategic Metals Ltd. Announces 2016 Exploration Plans for P...
11/30/2015Strategic Metals Ltd. Announces Acquisition of Additional Se...
11/27/2015Strategic Metals Ltd. Announces Acquisition of Additional Se...
11/23/2015Strategic Metals Ltd. Announces New Normal Course Issuer Bid...
10/8/2015Strategic Metals Closes Property Transaction with Rockhaven
9/30/2015Strategic Metals announces chip sample grading 60 g/t gold o...
9/15/2015Strategic Metals intersects 43.6 g/t gold in a metre wide sk...
9/11/2015Strategic Metals Ltd. Earnings Q2, 2015
8/6/2015Strategic Metals Ltd. Discovers Gold-Rich Skarn Horizon at H...
7/14/2015Strategic Metals Ltd. Announces Property Exchange Agreement ...
6/17/2015Strategic Metals Ltd. Announces 2000 m Diamond Drill Program...
3/26/2015Strategic Metals Ltd. Announces Acquisition Of Additional Sh...
3/26/2015Announces Acquisition of Additional Shares of Rockhaven Reso...
11/21/2014Strategic Metals Ltd. Announces New Normal Course Issuer Bid...
7/21/2014Strategic Metals Announces the Granting of Incentive Stock O...
7/8/2014Strategic Metals Ltd. Announces Board Approval of a New Shar...
11/20/2013ANNOUNCES NEW NORMAL COURSE ISSUER BID TO SUCCEED THE NORMAL...
11/5/2013Outlines Nine Square Kilometre Copper-Gold Skarn-Porphyry Ta...
4/9/2013adopts advance notice policy for director nominations
3/26/2013Canada Strategic Metals (TSX CJC.V)
1/17/2013Announces the Granting and Re-Pricing of Incentive Stock Opt...
1/17/2013Announces the Granting and Re-Pricing of Incentive Stock Opt...
12/28/2012Canada Strategic Metals Announces Closing of Brokered Privat...
12/5/2012Canada Strategic Metals Announces Brokered Private Placement
11/20/2012Announces New Normal Course Issuer Bid to Succeed the Normal...
11/14/2012Kesselrun Resources Announces $2.22 Million Equity Financing...
11/8/2012Canada Strategic Metals Completes Non-Brokered Private Place...
11/5/2012Canada Strategic Metals Announces Election of Board of Direc...
10/9/2012Canada Strategic Metals Arranges Non-Brokered Private Placem...
9/19/2012Canada Strategic Metals Engages Paradox Public Relations Inc...
9/14/2012Announces Early Warning Report Filing Regarding Its Sharehol...
8/3/2012To Sell Royalty Interests For US$30 Million With Provisional...
2/2/2012We invite you to view the February 2012 Edition of the Criti...
1/4/2012Announces Board Approval of a Shareholder Rights Plan and th...
8/9/2011announces completion of Plan of Arrangement
7/19/2011Announces Shareholder Approval of Plan of Arrangement And Se...
7/12/2011(Midas Touch)Provides Update at Its Midas Touch and Silver Range Projects
6/24/2011Announces Access to Proxy Materials as a Result of the Disru...
6/13/2011(Silver Range)to Hold Special General Meeting on July 15, 2011 to Approve ...
5/20/2011Announces the Granting of Incentive Stock Options
2/24/2011Announces $16.25 Million Private Placement
11/4/2010Discovers New Zones and Substantially Expands Keg Area Claim
9/22/2010Raises $15 million
9/16/2010options out 21 Yukon Gold Properties
9/7/2010Releases Final Diamond Drill Results From Its Keg Property i...
6/24/2010begins drilling on porphyry projects
6/15/2010Announces Multiple Farm-Out Agreements
5/3/2010Announces Large Gold Property Acquisitions
1/14/2010to drill nine properties in 2010
11/26/2009Normal Course Issuer Bid
7/28/2009Amends Warrant terms
2/18/2009Gold Discoveries
12/15/2008 ANNOUNCES ACQUISITION OF ADDITIONAL SHARES OF ATAC RESOURCE...
11/22/2008Announces New Normal Course Issuer Bid
6/27/2008announces Shareholder Approval for and anticipated Completio...
6/19/2008Revisits Largo Agreement and Provides Update on Optioned Pro...
6/11/2008Options-Out Five More Properties
6/3/2008Exploration Overview
4/29/2008 to Distribute 1 Share and 1 $0.25 2 year Warrant for every...
2/1/2008Announces New CFOContent-class: urn:content-classes:message
1/4/2008Announces Normal Issuer Bid for 2,000,000 shares
11/29/2007Q3 RESULTS AND RESTATEMENT OF Q1 AND Q2 RESULTS
9/18/2007Options properties to Mega Silver Inc.Content-class: urn:con...
8/15/2007Closes PP with Lundin Family Content-class: urn:content-clas...
8/7/2007 Farms Out Eureka Gold PropertyContent-class: urn:content-cl...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SMD.V)Other OTC (SMDZF)
0.720+0.00%0.560+0.00%
TSX-V
CA$ 0.720
09/23 12:24 -
0%
Prev close Open
0.720 0.730
Low High
0.720 0.750
Year l/h YTD var.
0.250 -  0.830 148.28%
52 week l/h 52 week var.
0.240 -  0.830 157.14%
Volume 1 month var.
59,800 2.86%
24hGold TrendPower© : -6
Produces
Develops
Explores for Copper - Gold - Molybdenum - Nickel - Palladium - Platinum - Silver - Tungsten - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/12/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016148.28%0.860.25
2015-6.45%0.370.24
2014-18.42%0.500.27
2013-47.22%0.780.32
2012-48.20%1.810.69
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Pure Gold.(Cu-Fe-Au)PGM.V
Announces AGM Results
CA$ 0.74+1.37%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Pure Gold Announces AGM Results
CA$ 0.74+1.37%Trend Power :
Gold Resource Corp.GORO
Denver Gold Forum Webcast Replay Now Available
US$ 7.00-0.71%Trend Power :
Giyani Gold Corp.WDG.V
Giyani Announces Results of Annual General Meeting and Special Meeting of Shareholders
CA$ 0.24-4.00%Trend Power :
Pele Mountain Res.(Ag-Au-Cu)GEM.V
Pele Mountain Enters Into Funding Agreement
CA$ 0.03-14.29%Trend Power :
Norwest EnergyNWE.AX
Xanadu Farmout Progressing
AU$ 0.00+0.00%Trend Power :
Tullow Oil(Oil)TLW.L
Jubilee Turret – Insurance Update
GBX 225.00-1.36%Trend Power :
Troy Res.(Ag-Au-Cu)TRY.AX
Becoming a substantial holder from CBA
AU$ 0.38-1.32%Trend Power :
Fortescue Metals(Fe)FMG.AX
Fortescue announces changes to Key Management Personnel
AU$ 4.96-3.88%Trend Power :
First Graphite LTDFGR.AX
Appendix 3B
AU$ 0.12-4.17%Trend Power :
Teranga Gold CORP.TGZ.AX
Gryphon Shareholders Vote Overwhelmingly in Favour of Teranga Gold's Acquisition of Gryphon
AU$ 1.36+0.37%Trend Power :
Triton GoldTON.AX
Deed Of Company Arrangement Effectuated
AU$ 0.06+0.00%Trend Power :
Triton GoldTON.AX
Deed Of Company Arrangement Effectuated
AU$ 0.06+0.00%Trend Power :
Washington H Soul Pattinson & Company LTDSOL.AX
Presentation to Analysts
AU$ 15.70-0.13%Trend Power :
Triton GoldTON.AX
Appendix 3B
AU$ 0.06+0.00%Trend Power :
Triton GoldTON.AX
Appendix 3B
AU$ 0.06+0.00%Trend Power :
Traka Res.TKL.AX
Full Year Statutory Results
AU$ 0.02-12.50%Trend Power :
AusdrillASL.AX
Notice of Annual General Meeting/Proxy Form
AU$ 1.65+0.00%Trend Power :
De Grey(Au-Pl)DEG.AX
De Grey Identifies 50 kms of Under Explored Shear Zone
AU$ 0.00+50.00%Trend Power :
Leigh Creek Energy LTDLCK.AX
Chairman's Address to Shareholders
AU$ 0.10+2.04%Trend Power :