Strategic Metals Ltd. Announces Shareholder Approval of Plan of Arrangement and Sets Share Distribution Record Date
VANCOUVER, BC--(Marketwired - April 26, 2017) - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic" or the "Company") is pleased to announce that the Plan of Arrangement (the "Arrangement") to spin-out certain of the Company's assets into Trifecta Gold Ltd. ("Trifecta") was approved by Strategic shareholders at its Special General Meeting held on April 21, 2017, with 99.71% of the votes cast at the Meeting having been in favour of the Arrangement. Under the Arrangement, Strategic will distribute to its own shareholders most of the Trifecta common shares it has acquired, on the basis of one Trifecta common share for each four and one-half (4 ½) shares of Strategic held. The Trifecta common shares will be distributed to persons who are shareholders of Strategic at the close of business (Vancouver time) on May 5, 2017 (the "Share Distribution Record Date"), with the distribution to be made contemporaneously with the listing of Trifecta's shares on the TSX Venture Exchange (the "Exchange").