SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (3410)12/7/2013 10:04:33 AM
From: Goose94Read Replies (4) | Respond to of 202561
 
Bottom-fish trading at 1.5 cent under umbrella Strategic Exploration Group - Arcus Development Group (ADG-V)

www.arcusdevelopmentgroup.com

Key people

Ian J. Talbot – President, CEO and Director

Mr. Talbot has over 25 years of experience in the mineral exploration industry as both a lawyer and an exploration geologist. As a geologist he has worked with both junior and major resource companies. As a lawyer, he has practiced exclusively in the areas of mining and securities law in private practice and as in-house counsel with BHP Billiton World Exploration Inc.

Marc Blythe – Director

Mr. Blythe has a Master of Business Administration from La Trobe University in Melbourne and a Bachelor of Mining Engineering degree from the Western Australian School of Mines.

Mr. Blythe is currently and has been since September 2006, Vice President, Mining of Almaden Minerals Ltd. He was Corporate Senior Mining Engineer for Placer Dome Inc. based in Vancouver from 2004 until 2006, where he completed internal and external mine evaluation, including advising on potential acquisitions and mining technology implementation. Mr. Blythe joined Tarsis in his current role in July 2007.

Whilst working for Auriongold (which was acquired by Placer Dome), Mr. Blythe led the successful completion of a Bankable Feasibility Study on the Raleigh Mine, Kalgoorlie, Australia, which is now in production and owned by Barrick Gold. Mr. Blythe developed a novel mining method which was successfully adopted and the mine has exceeded production forecasts estimated in the Feasibility Study. The mine produces in excess of 100,000 ounces of gold annually.

Prior to this, Mr. Blythe completed the internal Feasibility Study for the Bullant Mine, Kalgoorlie, Australia. Previous studies had indicated that the mine was sub-economic. The mine which was initially scheduled to last just 18 months, has been in continuous production since 2002 and now has a projected mine life of approximately two years. The mine is owned by Barrick Gold and produces approximately 50,000 ounces of gold annually.

Mr. Blythe holds a Western Australian First Class Mine Manager's Certificate of Competency and has managed mines for both Placer Dome and WMC Resources (formerly Western Mining Corporation).

Mr. Blythe is a third generation prospector.

_______________________________________________________________________________________

No plans to consolidate, 41 million o/s The Touleary and Dan Man projects have excellent exploration potential and ADG has resolved to be patient until the markets are again receptive to good technical stories.


ADG currently have $100,000 in working capital with a very low monthly burn rate. They have no employees or regular monthly fees to consultants or management. They have reduced all of their cost to preserve capital and ensure the company is viable when the market conditions improve.

_______________________________________________________________________________________

Arcus financing completed, sole investor under the placement was Strategic Metals (SMD-V) which now holds an 8.25% interest in Arcus.

Aug 6, 2013 – News Release

Arcus Development Group reports that the $100,000 non-brokered private placement announced on July 29, 2013 has been completed. The placement consisted of the sale of 3,333,333 common shares at a price of $0.03 per share. The sole investor under the placement was Strategic Metals Ltd. ("Strategic Metals") which now holds an 8.25% interest in Arcus.

No finder's fee or sales commission was paid in respect of the placement. All shares issued under the placement are subject to a hold period expiring on December 7, 2013. The placement was conducted pursuant to the TSX Venture Exchange bulletin dated April 12, 2013, Private Placements - Extension and Modification of Temporary Relief from Certain Pricing Requirements.

Proceeds from the placement will be used by Arcus to pay annual audit fees, general operating costs including office rent, accounting fees, insurance, Exchange sustaining fees, regulatory filing fees and transfer agent fees. There are no outstanding liabilities owed by Arcus to related parties and no proceeds from the placement will be used to make any related party payments. No Arcus board member has any interest in the placement.



To: Goose94 who wrote (3410)12/16/2013 1:04:44 PM
From: Goose94Read Replies (1) | Respond to of 202561
 
SMD-V out of the gate.



To: Goose94 who wrote (3410)11/23/2015 8:48:35 AM
From: Goose94Read Replies (2) | Respond to of 202561
 
I never understood why junior miners buyback shares?

Nov 23, '15 - NR

Strategic Metals (SMD-V) announces that it is making a new Normal Course Issuer Bid pursuant to the provisions of TSX Venture Exchange Policy 5.6, to succeed its existing Normal Course Issuer Bid, as accepted by the TSX Venture Exchange on November 21, 2014.

Strategic has purchased 624,500 shares under the Old Bid, which will expire on November 25, 2015, at an average price of $0.2699 per share. The New Bid will consist of the acquisition by Strategic of up to 6,800,000 common shares of its capital stock, representing approximately 10% of the "public float" of 68,760,833 common shares upon the date of commencement of the New Bid. (There are currently 86,996,351 common shares of Strategic issued and outstanding.) The New Bid will commence on November 26, 2015, and will expire on November 25, 2016.

Strategic is making the New Bid, to succeed the Old Bid (which was limited to an aggregate of 6,900,000 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 PI Financial Corp., of Suite 1900 - 666 Burrard Street, Vancouver, B.C.

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
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com