Blue Sky Uranium Applies to Extend Warrants
Blue Sky Uranium Applies to Extend Warrants
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER
,
Aug. 27, 2019
/CNW/ -
Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC:
BKUCF), ("Blue Sky" or the "Company")
announces that the Company has made an application to the
TSX Venture Exchange to extend the term of the outstanding warrants as follows:
4,180,966 warrants (with an original expiry date of
September 19, 2018
) that are set to expire on
September 19, 2019
to be extended to
September 19, 2021
. 4,246,755 warrants were originally
issued on
September 19, 2016
as part of the units issued under a private placement completed by
the Company in
September 2016
. Subsequent to the issuance, 65,789 warrants were cancelled.
The warrants are also subject to an accelerator (see text below).
The exercise price of the warrants will remain at
$0.50
. Each whole warrant, when exercised, will be
exchangeable for one common share of the Company.
The Warrant exercise period may be accelerated if the volume weighted average price ("VWAP") for the
Company's common shares on the Exchange is
$0.80
or greater for a period of 10 consecutive trading
days, then the Company may deliver a notice (the "Notice") to the Warrant holder notifying such Warrant
holder that the Warrants must be exercised within 20 days from the date of delivery of such Notice,
otherwise the Warrants will expire at
4:30 p.m.
(
Vancouver
time) on the 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. 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
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.
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SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2019/27/c9124.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 17:56e 27-AUG-19