Eskay Announces Extension of Warrants
1
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
NEWS RELEASE
FOR IMMEDIATE RELEASE: MAY 15, 2020
ESKAY ANNOUNCES EXTENSION OF WARRANTS
Toronto, May 15, 2020 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK)
(OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) wishes to announce that it will
make application to extend the exercise date of 1,282,000 warrants currently exercisable until
June 1, 2020 (as to 1,082,000) and June 7, 2020 (as to 200,000) at $0.40 per share, issued
pursuant to the private placement financing which closed in June of 2018, for a further year
until June 1, 2021 and June 7, 2021 respectively. There has been no change to the warrant
exercise price. The warrants remain subject to the following acceleration provision: “In the
event that the closing price of the common shares of the Company on the TSX Venture
Exchange (“TSXV”) is at least $0.60 for ten (10) consecutive trading days (the “Final Trading
Day”), the warrants will expire if unexercised by the date which is thirty (30) days from the
Final Trading Day”. The extension is subject to TSXV approval
About Eskay Mining Corp:
Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company,
headquartered in Toronto, Ontario. Eskay is an exploration company focused on the
exploration and development of precious and base metals along the Eskay rift in a
highly prolific region of northwest British Columbia known as the “Golden Triangle,”
approximately 70km northwest of Stewart, BC. The Company currently holds mineral
tenures in this area comprised of 177 claims (130,000 acres).
All material information on the Company may be found on its website at
www.eskaymining.com and on SEDAR at www.sedar.com.
For further information, please contact:
Mac Balkam T: 416 907 4020
President & Chief Executive Officer E: [email protected]
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 Statements: This Press Release contains forward-looking
statements that involve risks and uncertainties, which may cause actual results to
differ materially from the statements made. When used in this document, the words
2
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
“may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,
“expect” and similar expressions are intended to identify forward-looking statements.
Such statements reflect our current views with respect to future events and are subject
to risks and uncertainties. Many factors could cause our actual results to differ
materially from the statements made, including those factors discussed in filings made
by us with the Canadian securities regulatory authorities. Should one or more of these
risks and uncertainties, such as actual results of current exploration programs, the
general risks associated with the mining industry, the price of gold and other metals,
currency and interest rate fluctuations, increased competition and general economic
and market factors, occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, or expected. We do not intend and do not
assume any obligation to update these forward-looking statements, except as required
by law. Shareholders are cautioned not to put undue reliance on such forward-looking
statements.