Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which will Expire on December 4, 2024
-
Actor behind Albania's AI 'minister' wants her face back
-
Von Allmen joins Olympic skiing greats, Kim seeks snowboard history
-
Eat less meat, France urges, for sake of health, climate
-
Australia cruise past Ireland at World Cup after skipper Marsh ruled out
-
IOC to try to convince Ukrainian not to wear banned helmet
-
Barca missing Rashford, Raphinha for Atletico cup clash
-
Tractors hit Madrid to protest EU's trade deal with South America
-
US snowboard star Kim stays on track for historic Olympic hat-trick
-
The obstacles to holding war-time elections in Ukraine
-
History-maker Von Allmen wins third Olympic gold
-
Depleted Australia reach 182-6 as skipper Marsh ruled out of Ireland clash
-
Dutch court orders investigation into China-owned Nexperia
-
US snowboard star Kim stays on track for Olympic hat-trick
-
Spurs sack Frank after miserable eight-month reign
-
Hong Kong journalists face 'precarious' future after Jimmy Lai jailed
-
French AI firm Mistral to build data centres in Sweden
-
Frank sacked by Spurs after Newcastle defeat
-
South Africa pip Afghanistan in double super over T20 thriller
-
Three Ukrainian toddlers, father, killed in Russian drone attack
-
Siemens Energy trebles profit as AI boosts power demand
-
WTO must reform, 'status quo is not an option': chief
-
European airlines warn of 'severe disruption' from new border checks
-
French rape survivor Gisele Pelicot to reveal pain and courage in memoirs
-
EU eyes tighter registration, no-fly zones to tackle drone threats
-
Shooter kills 9 at Canadian school, residence
-
Australia captain Marsh out of World Cup opener, Steve Smith to fly in
-
Spanish PM vows justice, defends rail safety after deadly accidents
-
Meloni and Merz: EU's new power couple
-
Veteran Tajik leader's absence raises health questions
-
EU must 'tear down barriers' to become 'global giant': von der Leyen
-
US grand jury rejects bid to indict Democrats over illegal orders video
-
Struggling brewer Heineken to cut up to 6,000 jobs
-
Asian stock markets rise, dollar dips as traders await US jobs
-
Britain's Harris Dickinson on John Lennon, directing and news overload
-
9 killed in Canada mass shooting that targeted school, residence
-
Wembanyama scores 40 as Spurs rout Lakers, Pacers stun Knicks
-
UK's crumbling canals threatened with collapse
-
Hong Kong convicts father of wanted activist over handling of funds
-
Australia charges two Chinese nationals with foreign interference
-
'Overloading' may have led to deadly Philippine ferry sinking
-
Bangladesh to vote on democratic reform charter
-
China coach warns of 'gap' ahead of Women's Asian Cup title defence
-
Glitzy Oscar nominees luncheon back one year after LA fires
-
Pacers outlast Knicks in overtime
-
9 killed in Canada mass shooting that targeted school, residence: police
-
De Zerbi leaves Marseille 'by mutual agreement'
-
Netanyahu to push Trump on Iran missiles in White House talks
-
England captain Stokes has surgery after being hit in face by ball
-
Rennie, Joseph lead running to become next All Blacks coach
-
Asian stock markets mixed as traders weigh US data, await jobs
NYSE - LSE
Strategic Metals Ltd. Announces New Normal Course Issuer Bid to Succeed the Normal Course Issuer Bid Which will Expire on December 4, 2024
Strategic Metals Ltd. (TSXV:SMD) ("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 30, 2023.
Strategic has purchased no shares under the Old Bid, which will expire on December 4, 2024. The New Bid will consist of the acquisition by Strategic of up to 8,500,000 common shares of its capital stock, representing approximately 10% of the "public float" of 85,177,013 common shares upon the date of commencement of the New Bid. (There are currently 110,955,967 common shares of Strategic issued and outstanding.) The New Bid will commence on December 5, 2024, and will expire on December 4, 2025.
Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 8,500,000 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 Ventum Financial Corp., of Suite 2500 - 733 Seymour Street, Vancouver, B.C. V6B 0S6.
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 | Investor Inquiries |
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 exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: Strategic Metals Ltd.
Y.Aukaiv--AMWN
