CanAlaska Extends Warrant Terms and Grants Options
CanAlaska Extends Warrant Terms and Grants
Options
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2022) -
CanAlaska Uranium Ltd.
(TSXV:
CVV
)
(OTCQX:
CVVUF
) (FSE:
DH7
N
)
("
CanAlaska
" or the "
Company
") announces that it
intends to extend the exercise period of a total of 6,501,839 outstanding share purchase warrants by 6
months.
Each of the warrants is exercisable for one common share of the Company at prices ranging
from $0.40 - $0.55 per share (collectively, the "
Warrants
").
The exercise prices will remain unchanged
with these proposed extensions.
The Warrants were originally issued pursuant to private placements
completed between December 30, 2019 and December 23, 2020.
The new expiration dates for the
Warrants will be:
June 23, 2023 (with respect to 3,277,712 Warrants originally issued on December 23, 2020);
June 30, 2023 (with respect to 2,036,127 Warrants originally issued on December 30, 2019); and
July 20, 2023 (with respect to 1,188,000 Warrants originally issued on January 20, 2020).
Insiders hold 181,578 of the Warrants having a proposed new expiry date of June 30, 2023.
All of the
above proposed Warrant exercise term extensions are subject to the acceptance of the TSX Venture
Exchange.
CanAlaska also announces that it has granted incentive stock options to certain directors, officers,
employees and consultants of the Company to purchase up to an aggregate of 2,195,000 common
shares of the Company pursuant to CanAlaska's omnibus equity incentive plan. The options are
exercisable for a period of three years at a price of $0.395 per share.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of
the securities in the United States of America. The securities have not been and will not be
registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons (as defined in
the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration is available.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) holds interests in
approximately 300,000 hectares (750,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of
Uranium."
CanAlaska's strategic holdings have attracted major international mining companies.
CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the
Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the
world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold
and diamonds. For further information visit
www.canalaska.com
.
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc.
President
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email:
Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the future are forward-looking
statements.
These forward-looking statements involve numerous assumptions made by the Company
based on its experience, perception of historical trends, current conditions, expected future
developments and other factors it believes are appropriate in the circumstances. In addition, these
statements involve substantial known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other forward-looking statements will prove
inaccurate, certain of which are beyond the Company's control.
Readers should not place undue
reliance on forward-looking statements.
Except as required by law, the Company does not intend to
revise or update these forward-looking statements after the date hereof or revise them to reflect the
occurrence of future unanticipated events.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/145834