Canada Strategic Metals Inc. (TSXV:CJC) signed a formal agreement to acquire Apple Property in James Bay Region of Northern Quebec from Strateco Resources Inc. (OTCPK:SRSI.F) for CAD 0.15 million on December 4, 2013. Under the terms of agreement, Canada Strategic will pay consideration of CAD 0.01 million and 4 million shares. The common shares issued to Strateco, will be subject to resale restriction period. 0.8 million common shares within 4 months of TSX-V approval of the agreement, 0.8 million common shares within 9 months of TSX-V approval, 0.8 million common shares within 12 months of TSX-V approval, 0.8 million common shares within 18 months of TSX-V approval and 0.8 million common shares within 24 months of TSX-V approval of the agreement. The transaction is subject to customary closing conditions, including regulatory approval.

Canada Strategic Metals Inc. (TSXV:CJC) completed the acquisition of Apple Property in James Bay Region of Northern Quebec from Strateco Resources Inc. (OTCPK:SRSI.F) on December 5, 2013.