CanAlaska Retains Market Stabilization and Liquidity Services and Grants Stock Options CanAlaska Presenting at Virtual Uranium Conference May 13
CanAlaska Retains Market Stabilization and
Liquidity Services and Grants Stock Options
CanAlaska Presenting at Virtual Uranium Conference May 13
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) -
CanAlaska Uranium Ltd. (TSXV:
CVV)
(OTCQB:
CVVUF)
(FSE:
DH7N
)
("CanAlaska" or the "Company") announces that, subject to
regulatory approval, it has retained Red Cloud Securities Inc. 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.
Red Cloud 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 Red Cloud
and the Company may be terminated by either party with written notice of 30 days and the Company has
agreed to pay Red Cloud $5,000 per month during the term, payable quarterly in advance.
The Company
and Red Cloud act at arm's length, but Red Cloud
may provide investment banking or other services to
CanAlaska and Red Cloud 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 Red Cloud and the Company and Red Cloud
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 1,560,000 common shares of the
Company pursuant to the Company's share option plan.
The options are exercisable for a period of three
years at a price of $0.68 per share.
Conference Presentation Link
CanAlaska also would like to remind readers that it will present at the Red Cloud Conference
"Uranium: Fueling the Path Towards Electrification"
, which will take place virtually this
Thursday
May 13, 2021
.
https://www.redcloudfs.com/uraniumconference2021
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) (OTCQB: CVVUF) (FSE: DH7N) holds interests in
approximately 214,000 hectares (530,000 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 & CEO
Tel: +1.604.688.3211
x 138
Email:
John Gomez, Corporate Development
Tel: +1.604.484.7118
Email:
Neither the 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/83852