No video - just one quick press release

The dog days of summer are upon us and Friday's are extremely quiet. I just have one press release of interest which I've highlighted below. See you Monday: Strategic Metals Ltd Symbol C : SMD Shares Issued 90,156,851 Close 2012-08-09 C$ 0.77 Strategic Metals closes $30-million (U.S.) royalty sale 2012-08-10 08:25 ET - News Release Mr. Douglas Eaton reports STRATEGIC METALS CLOSES SALE OF ROYALTY INTERESTS AND RECEIVES US$30 MILLION PAYMENT Strategic Metals Ltd.'s royalty purchase transaction reported on Aug. 3, 2012, has now closed. Strategic has received $30-million (U.S.) and sold its royalty interests in the Casino, Logtung and Wolverine deposits to 8248567 Canada Ltd., an arm's-length purchaser. Strategic will receive an additional cash payment of $6-million (U.S.) if the operator of the Casino project has obtained all necessary permits and authorizations prior to Dec. 31, 2016, to construct and operate the project as a producing mine. With the closing of the royalty sale, Strategic has increased its cash position to approximately $51-million and owns marketable shares of other resource companies currently valued at approximately $41-million. These shareholdings include 9.6 per cent of ATAC Resources Ltd., 18.8 per cent of Silver Range Resources Ltd., 28.0 per cent of Rockhaven Resources Ltd, 19.9 per cent of Precipitate Gold Corp. and 19.9 per cent of Wolverine Minerals Corp.