Strategic ups share to 32.2% of RK VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2012) - Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") announces it has acquired 4,100,000 "flow-through" common shares of Rockhaven Resources Ltd. ("Rockhaven") at a price of $0.38 per share pursuant to a private placement, for total subscription proceeds of $1,558,000.
Prior to the acquisition of these 4,100,000 shares, Strategic held 14,662,500 shares of Rockhaven, representing approximately 28.01% of Rockhaven's issued capital prior to the closing of the private placement. As a result of its participation in this private placement, Strategic now holds 18,762,500 shares of Rockhaven, representing approximately 32.32% of the 58,048,109 shares of Rockhaven currently issued and outstanding. All of these 18,762,500 shares of Rockhaven are held directly by Strategic and are being held for investment purposes.
Strategic Metals getting in BIG at a super low price