Strategic Rare Earth Provides Corporate Update
June 04 2013 - 11:12AM
Strategic Rare Earth Metals, Inc. (OTC Markets:SREH) announced
today that the company recently had a change in upper management
and a renewed focus on restoring shareholder value.
Strategic Rare Earth Metals, Inc. recently appointed Bill
Schaefer as President of the Company. Mr. Schaefer brings to the
Company a unique combination of both operational business talent
coupled with keen knowledge and understanding of the public
markets.
Bill Schaefer, newly appointed President of Strategic Rare Earth
Metals, Inc., stated, "I am very pleased and extremely excited
about the opportunities that lay ahead for the Company. We now
have a Company that is well positioned with a very good capital
structure in place for both the Company and its shareholders."
Mr. Schaefer further stated, "After having completed the
Company's recent capital restructuring back in April of this year,
while the Company has fully accounted for a float of
315,700,000 common shares, we believe and would estimate that the
actual tradable float to be closer to around 255,000,000 common
shares. The Company is very mindful of preserving
shareholders' value and it is my intention as the newly appointed
president of the Company to be a good steward for both the Company
and its shareholders."
Company management looks forward to providing additional insight
into corporate strategy and further updates in the near term.
About Strategic Rare Earth Metals, Inc. (OTC Markets:SREH) –
Strategic Rare Earth Metals, Inc. is a publicly traded company
trading on the OTC Markets under the symbol SREH. For more
information about Strategic Rare Earth Metals, Inc., please visit
the Company's website at http://www.srehholdings.com
Forward-Looking Statement
Any statements made in this press release which are not
historical facts contain certain forward-looking statements, as
such term is defined in the Private Security Litigation Reform Act
of 1995, concerning potential developments affecting the business,
prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific
items described in this release, and the company's operations
generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon
the best judgments of management of the company as of the date of
this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties and other
factors, many of which are beyond the control of the company. The
company disclaims any obligation to update information contained in
any forward-looking statement. This press release shall not be
deemed a general solicitation.
CONTACT: Bill Schaefer, President
562-453-7643
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