Strategem Announces a Price Increase and Extension to its Substantial Issuer Bid

/ / Uncategorized

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 28, 2016) –¬†Strategem Capital Corporation (“Strategem” or the “Company“) (TSX VENTURE:SGE) announces today that in relation to its substantial issuer bid (the “Offer“), the Company has amended the purchase price and other terms of the Offer as described in Section 1 of the offer to purchase.

As previously announced on December 11, 2015, the Company has offered to purchase for cancellation from holders (the “Shareholders“) of the outstanding Class A common shares of the Company (the “Shares“) up to 600,000 Shares at a purchase price of $0.90 per Share.

The Company has increased the purchase price of the Shares to $1.00 per Share and increased the number of Shares that the Company may purchase to up to 750,000 Shares.

The Offer will now expire at 5:00 p.m. (Eastern Time) on February 16, 2016, unless it is extended further. The Offer remains otherwise subject to the terms and conditions set forth in the offer to purchase, issuer bid circular, letter of transmittal and notice of guaranteed delivery, each dated December 18, 2015, as amended by a notice of variation and extension dated as of the date hereof (the “Notice of Variation and Extension“).

All other conditions of the Offer remain unchanged.

Shareholders who have validly deposited and not withdrawn their Shares need to take no further action to receive the increased purchase price.

The Company will be mailing the Notice of Variation and Extension to all holders of the Shares in connection with its announcement as soon as practicable. Any questions or requests for assistance in tendering Shares to the Offer may be directed to Computershare Investor Services Inc., the depositary for the Offer.

About Strategem Capital Corporation

Strategem is a publicly-traded merchant bank involved in acquiring interests in and developing companies with growth potential. The Company takes early debt and/or equity positions in such growth companies. The Company’s focus is on companies that explore or develop natural resources.

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 release.