Baselode Energy Begins Trading under the symbol FIND, Appoints James Sykes as CEO
Baselode Energy Begins Trading under the
symbol FIND, Appoints James Sykes as CEO
TORONTO
,
June 10, 2020
/CNW/ - Baselode Energy Corp. ("Baselode" or the "Company") (TSXV:
FIND) is pleased to announce that it will begin trading on the TSX Venture under the symbol FIND
today. The company has less than 29 million shares outstanding with only 9.8 million shares in the
float.
James Sykes
has been appointed as the CEO of Baselode. Mr. Sykes is a renowned uranium
exploration geologist who has been involved in the discovery of over 550 million pounds of uranium in
the
Athabasca
Basin. Most notably, Mr. Sykes was integral in the discovery of NexGen Energy's
(NXE: TSX) Arrow deposit. Mr. Sykes holds a Bachelor of Science in Geology and Earth Science
from
Dalhousie University
, and has been involved in uranium exploration for over 10 years specifically
focusing on
Saskatchewan's
Athabasca
Basin.
Baselode is Focused on Discovering High-grade Uranium Deposits in the
Athabasca
Basin
Baselode will be focused on discovering high-grade, basement-hosted, near surface uranium deposits
in
Saskatchewan's
Athabasca
Basin area. The
Athabasca
Basin hosts the world's highest-grade
uranium deposits, with average grades in the basin showing ~3.9% U
3
O
8
compared to the rest of the
world average of ~0.15% U
3
O
8
. The
Athabasca
Basin accounts for 15% of global uranium
production. Baselode will release details on its assets, exploration plans and timelines in the coming
days.
Watch Baselode Energy Webinar: White Lies About Green Energy
About Baselode Energy Corp.
Baselode is a uranium exploration company with 29 million shares outstanding only 9.8 million shares
in the float. Baselode is focused on discovering a uranium orebody in the
Athabasca
basin in
Saskatchewan, Canada
. For more information please visit
www.baselode.com
N
either TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. Certain information in this press release may contain forward-looking statements. This
information is based on current expectations that are subject to significant risks and uncertainties
that are difficult to predict. Actual results might differ materially from results suggested in any
forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-
looking statements, or to update the reasons why actual results could differ from those reflected in
the forward looking-statements unless and until required by securities laws applicable to Baselode
Energy Corp. Additional information identifying risks and uncertainties is contained in filings by
PowerOre Inc. with Canadian securities regulators, which filings are available under Baselode
Energy Corp. profile at
www.sedar.com
.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in
the United States
. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within
the United States
or to, or for the account or benefit of,
U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws,
unless an exemption from such registration is available.
SOURCE
Baselode Energy
View original content:
http://www.newswire.ca/en/releases/archive/June2020/10/c6790.html
%SEDAR: 00044947E
For further information:
Baselode Energy Corp. - FIND:TSXV, James Sykes, President and CEO,
[email protected], 306-221-8717, www.baselode.com
CO: Baselode Energy
CNW 07:00e 10-JUN-20