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Strategic Metals Ltd V.SMD

Alternate Symbol(s):  SMDZF

Strategic Metals Ltd. is a Canada-based project generator. The Company's main business activity is the acquisition, exploration and evaluation of mineral properties located in Canada. As a project generator, the Company has assembled a portfolio of direct and indirect mineral property interests in Yukon Territory, northern British Columbia and western Northwest Territories. It has approximately 13 royalty interests, 14 projects under option to others, and a portfolio of 82 wholly owned projects. Its portfolio covers a suite of metals, including gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium, and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement and others. Its deposits include Casino, Wolverine, Wellgreen, Division Mountain, Klaza, Tiger, Osiris, Golden Revenue, Blende, Carmacks Copper, Logtung, Marg, Ice and others. Its subsidiaries include Rockhaven Resources Ltd. (Rockhaven) and GGL Resources Corp. (GGL).


TSXV:SMD - Post by User

Bullboard Posts
Comment by bayoubuckson Jan 16, 2011 10:39am
534 Views
Post# 17979885

RE: RE: Silver Range

RE: RE: Silver RangeHmmm.  I got my 60 mil shs from the 9/30/10 interim financials.  Thanks for correcting my numbers.  FYI, this is from the 12/29/10 MD&A:

On June 1, 2010 Strategic announced the formation of two, wholly owned subsidiaries. Strategic intends to list one or both of these subsidiaries on a recognized stock exchange under independent management and to distribute the majority of the shares in the resulting publicly trading company to its shareholders by way of Plan of Arrangement. The certainty, timing and potential value of the contemplated share distribution will depend upon a number of factors including but not limited to: exploration results, condition of financial markets, availability of suitable management personnel, shareholder approval and regulatory acceptance. The formation of subsidiaries is designed to capitalize on rising interest in precious metals and to more effectively exploit the large portfolio of high quality mineral properties that Strategic has amassed. No decision has been made yet concerning which of the properties will be transferred to the wholly owned subsidiaries.

Nice to be in a company that walks their talk!
Bullboard Posts