Strategem Capital Corporation-Distribution of Paid-Up Capital and Class A Common Shares

Strategem Capital Corporation (the "Company" or "Strategem") (TSX VENTURE:SGE)
announces that it has today completed the reorganization (the "Reorganization")
of the Company's share capital and corresponding distribution (the
"Distribution") of the paid-up capital ("PUC") of the Company's common shares.
98.4% of the Company's issued and outstanding common shares were tendered for
exchange for cash and Class A Common Shares. A total of $9,050,182.75 was
electronically distributed to shareholders together with 5,171,533 Class A
Common shares distributed in exchange for the same number of common shares of
the Company.


Strategem further announces that it has extended the January 16, 2009 deadline
to tender common shares for exchange into Class A Common shares and cash to
certain shareholders holding 84,091 shares. The Company has contacted such
shareholders and advises that the acceptance of such shares for exchange is at
the Company's discretion. The extended offer to exchange shares will be open for
a limited period of time to be determined at the Company's discretion. Such
shareholders are advised to tender their shares for exchange as soon as
possible. The 84,091 shares represent all of the remaining common shares of the
Company outstanding on January 16, 2009 which were not tendered for exchange.


Shareholders should refer to the Company's news releases dated January 13, 2009,
December 16, 2008 and the Management Information Circular dated October 30, 2008
for a summary of the Reorganization and Distribution.


About Strategem Capital

Strategem Capital Corporation is a publicly-traded merchant bank specializing in
the development of emerging companies with above average growth potential. The
current focus is on companies that explore and develop precious or base metals.


This release and prior releases are available on the Company's Internet web site
located at www.strategemcapital.com.


BY ORDER OF THE BOARD OF DIRECTORS

Kenneth W. Morgan, CA, CPA, President, CEO and Director

Forward-Looking Information:

Certain statements contained in this news release constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions.


Forward-looking statements in this news release include references to extension
of the deadline in which to tender common shares for exchange into Class A
Common shares and cash as described in this news release.


These forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements including the risks
that: the Company may not have sufficient funds to effect the transactions
described in this news release including sufficient funds to distribute cash to
those registered shareholders who duly tender their Common shares in exchange
for Class A Common shares and cash; and registered shareholders may not tender
their Common shares for exchange.


The forward-looking statements contained in this news release represent the
Company's expectations as of the date of this news release, and are subject to
change after such date. The Company disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required under applicable
securities regulations.

Strategem Capital (TSXV:SGE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024