CanAlaska Retains Market Stabilization and Liquidity Services and Grants Stock Options
CanAlaska Retains Market Stabilization and Liquidity
Services and Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2018) -
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
)
(FSE:
DH7N
)
("CanAlaska" or the "Company") announces that, subject to regulatory approval, it has retained Mackie Research
Capital Corporation to provide its market stabilization and liquidity services to the Company in compliance with the policies and
guidelines of the TSX Venture Exchange ("TSX-V") and other applicable legislation.
Mackie will trade shares of the Company on the TSX-V for the purposes of maintaining a reasonable market and improving the
liquidity of CanAlaska's common shares. The agreement between Mackie and the Company may be terminated by either party
with written notice of 60 days and the Company has agreed to pay Mackie $3,500 per month during the term, payable quarterly
in advance. The Company and Mackie act at arm's length, but Mackie may provide investment banking services to CanAlaska
and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of CanAlaska. The agreement is
principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal
market making agreement. There are no performance factors contained in the agreement between Mackie and the Company
and Mackie will not receive any shares or options from the Company as compensation for services it will render.
CanAlaska also announces that it has granted incentive stock options to certain directors, officers and consultants of the
Company to purchase up to an aggregate of 445,000 common shares of the Company pursuant to the company's share option
plan. The options are exercisable for a period of two years at a price of $0.34 per share.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQB:
CVVUF
) (FSE:
DH7N
) holds interests in approximately 152,000 hectares
(375,000 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., P.Geo.
President & CEO
CanAlaska Uranium Ltd.
Contacts:
Peter Dasler, President
Tel: +1.604.688.3211
x 138
Email:
John Gomez, Corporate Development
Tel: +1.604.484.7118
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.