Blue Sky's Shareholders Approve the Proposed Earn-In Transaction with COAM TSX Venture Exchange (TSX-V): BSK Frankfurt Stock Exchange (FSE): MAL2 OTCQB Venture Market (OTC): BKUCF
Blue Sky's Shareholders Approve the Proposed Earn-In
Transaction with COAM
TSX Venture Exchange (TSX-V):
BSK
Frankfurt Stock Exchange (FSE):
MAL2
OTCQB Venture Market (OTC):
BKUCF
VANCOUVER, BC
,
Feb. 6, 2025
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2) (OTC: BKUCF)
, ("Blue Sky"
or
the
"Company")
is pleased to announce the results from its Special Meeting of shareholders (the "
Meeting
") held on
February 6, 2025
.
A total of
99,929,367
of the common shares of the Company ("
Shares
") were represented at the Meeting, representing
33.4%
of the
total issued and outstanding Shares as of the record date of the Meeting.
The sole matter brought forth at the Meeting was approved, being the resolution (the "
Transaction Resolution
") to approve the
proposed earn-in transaction (the "
Transaction
") with Abatare Spain, S.L.U. ("
COAM
"). The detailed results of the vote on the
Transaction Resolution are set out below.
Votes For:
Percentage (%):
Votes Against:
Percentage (%):
99,339,958
99.41
589,409
0.59
Additional information regarding the terms of the Transaction is set out in the management information circular of the Company dated
December 20, 2024
, which is available under the Company's SEDAR+ profile at
www.sedarplus.ca
. The initial closing of the Transaction
is expected to occur during the first quarter of 2025 and is subject to customary closing conditions, including the approval of the TSX
Venture Exchange.
The Company is pleased to announce that it has received conditional approval from the TSX Venture Exchange for the Transaction.
About Abatare Spain, S.L.U. and ACI Capital S.à r.l,
Abatare Spain, S.L.U., a company constituted in
Spain
and ACI Capital S.à r.l, a company constituted in
Luxembourg
, parent of the group
controlling the energy business, are part of the Corporación América Group ("
Corporación América
").
Abatare Spain S.L.U. has been involved in several projects related to the energy industry.
Corporación América has developed significant projects and invested in
Argentina
for over 60 years. It holds major stakes in the energy,
airport, agribusiness, services, infrastructure, transportation, and technology sectors, with assets and operations in
Argentina
and 10
other countries. Its subsidiary Corporación América Airports S.A. (NYSE:CAAP) has a current market capitalization of approximately
US$3 billion
.
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 and forward-looking information (collectively, the "
forward-looking
statements
") within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of
historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as
"may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify
forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other
than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may
occur in the future, including, without limitation, the strengths, characteristics and potential of the Transaction; the initial closing of the
Transaction and the expected timing thereof; the TSX Venture Exchange's approval of the Transaction; the production of uranium
products and the success of commercial production at the Ivana property; the potential of the Amarillo Grande Project; the growth of the
Argentine market; the Company's ability to leverage COAM's expertise and resources to drive towards the successful development and
operation of the project; and satisfaction of the conditions precedents are forward-looking statements. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent
uncertainty therein.
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: failure to receive TSXV
approval; failure to satisfy the condition precedents, the potential that the Transaction could be terminated under certain circumstances;
the likelihood that the sale of substantially all of the Company's assets will be completed within a reasonable time in accordance with
the terms of the earn-in agreement entered into pursuant to the Transaction; COAM exercising its rights under the earn-in agreement
entered into pursuant to the Transaction; the Company's working relationship with COAM; the impact of global pandemics; 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 forward-looking statements contained in this press release are made as of the date of this press
release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
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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 17:00e 06-FEB-25