Blue Sky Uranium Applies to Extend Warrants
Blue Sky Uranium Applies to Extend Warrants
VANCOUVER, BC
,
May 20, 2022
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2) (OTC:
BKUCF),
("Blue Sky"
or the
"Company")
announces that it has made an application to the TSX Venture
Exchange ("
TSXV
") to extend the term of the outstanding warrants as follows:
4,203,182 unexercised warrants (4,528,182 original granted) that are set to expire on
June 4
and
July 11, 2022
to be extended to
June 4
and
July 11, 2024
respectively. These warrants were
originally issued under a private placement completed by the Company in 2 Tranches in June and
July
2019
.
Of the 325,000 warrants that have been exercised, 100,000 have been exercised by one shareholder
within the past 6 months. The Company notes that, at the request of the TSXV, it has received a Consent
from this shareholder for this application to extend the expiry date of the remaining warrants.
The exercise price of the warrants will remain at
$0.25
. Each warrant, when exercised, will be
exchangeable for one common share of the Company.
If the volume weighted average price for the Company's shares is
$0.50
or greater for a period of 5
consecutive trading days, then the Company may deliver a notice (the "Notice") to the warrantholder that
the Warrants must be exercised within twenty (20) days from the date of delivery of such Notice,
otherwise the Warrants will expire at
4:30 p.m.
(
Vancouver
time) on the twenty-first (21
st
) day after the
date of delivery of the Notice.
The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
Argentina
. The Company's objective is to
deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits
into low-cost producers, while respecting the environment, the communities, and the cultures in all the
areas in which we work. Blue Sky has the exclusive right to properties in two provinces in
Argentina
. The
Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the
potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new
international market supplier. The Company is a member of the Grosso Group, a resource management
group that has pioneered exploration in
Argentina
since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos
, President, CEO and Director
|
|
YouTube
|
|
Google+
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. Readers are encouraged to refer to the
Company's public disclosure documents for a more detailed discussion of factors that may impact
expected future results. The Company undertakes no obligation to publicly update or revise any
forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit
information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral deposits on our properties.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/blue-sky-uranium-applies-to-extend-warrants-301551840.html
SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2022/20/c4518.html
%SEDAR: 00023601E
For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058,
Email: [email protected]
CO: Blue Sky Uranium Corp.
CNW 07:00e 20-MAY-22