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, BC
,
May 26, 2023
/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:
13,216,089 unexercised warrants (13,316,089 original granted) that are set to expire on
July 21
,
July
30
, and
August 4, 2023
to be extended to
July 21
,
July 30
and
August 4, 2025
respectively. These
warrants were originally issued under a private placement completed by the Company in 3 Tranches
in July and
August 2021
.
None of the warrants have been exercised within the past 6 months, however, 100,000 of the originally
granted warrants were exercised in
March 2022
.
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.
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
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. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. All statements, other than
statements of historical fact, that address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including, without limitation, statements about the
Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the
future financial or operating performance of the Company; and future exploration and operating plans
are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in the forward-looking statements and,
even if such actual results are realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company. Factors that could cause actual results
or events to differ materially from current expectations include, among other things: the impact of
COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits,
or surface rights; risks associated with technical difficulties in connection with mining activities; and the
possibility that future exploration, development or mining results will not be consistent with the
Company's expectations.
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, unless required pursuant to
applicable laws. 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.
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%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 26-MAY-23