Blue Sky applies to extend 7.25 million warrants
2020-01-22 12:07 ET – News Release
Mr. Nikolaos Cacos reports
BLUE SKY URANIUM APPLIES TO EXTEND WARRANTS
Blue Sky Uranium Corp. has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:
- 7,258,500 that are set to expire on Feb. 28, 2020, to be extended to Feb. 28, 2022. These warrants were originally issued on March 1, 2018, as part of the units issued under a private placement completed by the company in February, 2018. The warrants are also subject to an accelerator.
The exercise price of the warrants will remain at 35 cents. Each whole warrant, when exercised, will be exchangeable for one common share of the company.
The warrant exercise period may be accelerated if the volume-weighted average price (VWAP) for the company’s common shares on the exchange is 75 cents or greater for a period of five consecutive trading days, then the company may deliver a notice to the warrantholder notifying such warrantholder that the warrants must be exercised within 20 days from the date of delivery of such notice, otherwise the warrants will expire at 4:30 p.m. Vancouver time on the 21st day after the date of delivery of the notice.
The amendment is subject to the approval of the TSX Venture Exchange.
About Blue Sky Uranium Corp.
Blue Sky 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 the company works.
We seek Safe Harbor.
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