SMD:CA announced today a $15 million non-brokered private placement. The placement will consist of the sale of up to 10,350,000 common shares at $1.45 per. Proceeds will be used to finance 2011 exploration activities on Strategic’s Yukon mineral projects and as unallocated working capital.
Strategic Metals has working interests in over 90 properties, most in Yukon and BC. It has 66 million shares and a market cap of $96.3 million.
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by Ted Niles