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
,
Nov. 18, 2024
/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 to extend the term of the outstanding warrants (the "
Warrants
") as follows:
16,780,000 Warrants and 1,381,000 Warrants that are set to expire on
December 2
and
December
19, 2024
respectively to be extended to
December 2
and
December 19, 2027
respectively. These
Warrants were originally issued under a private placement completed by the Company in 2 Tranches
in
December 2022
. None of the Warrants have been exercised.
The exercise price of the Warrants will remain at
$0.20
. Each Warrant, when exercised, will be
exchangeable for one common share of the Company.
The Company further reports that 200,000 Warrants are held by insiders of the Company. As such, the
extension of such Warrants constitutes, to that extent, a "related party transaction" within the meaning of
Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Shareholders ("MI 61-
101"). The Company has relied on the exemptions from the valuation and minority shareholder approval
requirements of MI 61-101 (and Exchange Policy 5.9), as the fair market value of the Warrants held by
the insiders does not exceed 25% of the market capitalization of the Company.
The amendment is subject to the approval of the TSX Venture Exchange.
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.
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SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
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%SEDAR: 00023601E
For further information:
For further information please contact: Corporate Communications, Tel: 1-604-
687-1828, Toll-Free: 1-800-901-0058, Email: [email protected]
CO: Blue Sky Uranium Corp.
CNW 07:00e 18-NOV-24