NEWS RELEASE FOR:
STRATEGEM CAPITAL CORPORATION.
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VANCOUVER, BRITISH COLUMBIA – December 9, 2008. Strategem Capital Corporation (the “Company” or “Strategem”) (TSXV: SGE) held its annual general and special meeting of shareholders on December 4, 2008. At the meeting, the Company’s shareholders re-elected its current board and approved a reorganization of the Company’s share structure and a corresponding distribution of the paid-up capital of the Company’s common shares. The Company’s Board of Directors may, in its discretion, determine whether to proceed with the implementation of these transactions, which are also subject to receipt of final approval of the TSX Venture Exchange.
At the meeting, the Company’s shareholders also approved a new rolling 10% stock option plan. Subject to receipt of approval of the TSX Venture Exchange, the Company will implement the new stock option plan. The potential creation of a new control position was not approved at the meeting.
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”
Kenneth W. Morgan, CA, CPA
President, CEO and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.