Strategic Minerals Europe Corp. Completes Reverse Takeover Transaction of Buccaneer Gold Corp.

TORONTO, Dec. 06, 2021 (GLOBE NEWSWIRE) — Strategic Minerals Europe Corp. (“Strategic Minerals” or the “Resulting Issuer”) (formerly Buccaneer Gold Corp. (“Buccaneer”)) is pleased to announce the completion of its previously announced reverse takeover transaction (the “RTO” or “Transaction”) with Strategic Minerals Europe Inc. (“SMEI”), a privately held mineral exploration and development company, by way of share exchange, pursuant to which Buccaneer agreed to purchase the outstanding shares of SMEI (“SMEI Shares”) and the outstanding warrants of SMEI (“SMEI Warrants”) from the SMEI shareholders by issuing shares of Buccaneer (“Buccaneer Shares) and new warrants of Buccaneer (“Buccaneer New Warrants”) to each SMEI shareholder. In connection with the Transaction, Buccaneer and SMEI entered into a share exchange agreement dated effective August 24, 2021, as amended effective November 3, 2021 (the “Share Exchange Agreement”). Pursuant to this Share Exchange Agreement, Buccaneer changed its name to Strategic Minerals Europe Corp., consolidated its shares on a 5:1 basis and exchanged SMEI Shares for Buccaneer Shares on a 1:1 basis. Read More