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Strategic Metals Ltd. Announces the Granting and Re-Pricing of Incentive Stock Options

Jan 17 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/13 -- Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") announces that it has granted incentive stock options under its Incentive Stock Option Plan to its directors and officers and certain employees and consultants, entitling them to purchase up to a total of 2,590,000 shares at a price of $0.80 per share for period of five years. All of these options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.

Strategic also announces that the exercise price of options previously granted to certain employees and consultants in respect of a total of 615,000 shares has been re-priced from either $2.82 or $1.45 to $0.80 per share, subject to regulatory acceptance. No options currently held by Strategic officers or directors have been re-priced.

About Strategic Metals Ltd.

Strategic is a pre-eminent explorer and claimholder in the Yukon, with an exceptional portfolio of more than 160 property and royalty interests. Strategic also owns marketable shares of other resource companies, including 9.9% of ATAC Resources Ltd., 19.5% of Silver Range Resources Ltd. and 32.8% of Rockhaven Resources Ltd.

ON BEHALF OF THE BOARD

W. Douglas Eaton, President and Chief Executive Officer

For additional information concerning Strategic Metals Ltd. please visit Strategic's website at www.strategicmetalsltd.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



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

Strategic Metals Ltd. - Corporate Information
Bruce A. Youngman
Chairman
(604) 687-2522

Strategic Metals Ltd. - Investor Inquiries
Richard Drechsler
Corporate Communications
(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com





Source: Marketwire


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