SGE Strategem Capital Corporation

Strategem Capital Corporation ("Strategem" or "the Company") (TSX VENTURE:SGE)
today disclosed that C$6.5 million of its C$9.0 million of cash on hand is
invested in Canadian Asset-Backed Commercial Paper ("ABCP").


ABCP totaling C$2.5 million has matured but has not been paid and remains
outstanding. The Company has been informed by its financial advisors that this
has been caused by a liquidity disruption in the market for Canadian
asset-backed commercial paper. The balance of the Company's ABCP totaling C$4.0
million has varying maturity dates to July 2008. Should the liquidity disruption
continue the repayment of these notes may be delayed.


The Canadian ABCP held by the Company is rated R-1 (high) by Dominion Bond
Rating Service, the highest possible rating for commercial paper. The Company
has been told that the liquidity disruption is due to a lack of liquidity for
asset-backed securities rather than the credit worthiness of the underlying
assets. The Company expects it will take several months to clarify the situation
and to determine the best approach. The Company does not know when or if the
ABCP it holds will ultimately become collectible.


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, CA, CPA, President, CEO and Director

Grafico Azioni Strategem Capital (TSXV:SGE)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Strategem Capital (TSXV:SGE)
Storico
Da Giu 2023 a Giu 2024