Blue Sky Uranium seeks TSX-V OK to extend warrants
2019-08-27 18:03 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.
4,180,966 warrants (with an original expiry date of September 19, 2018) that are set to expire on September 19, 2019 to be extended to September 19, 2021. 4,246,755 warrants were originally issued on September 19, 2016 as part of the units issued under a private placement completed by the Company in September 2016. Subsequent to the issuance, 65,789 warrants were cancelled. The warrants are also subject to an accelerator (see text below).
The exercise price of the warrants will remain at $0.50. 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 $0.80 or greater for a period of 10 consecutive trading days, then the Company may deliver a notice (the “Notice”) to the Warrant holder notifying such Warrant holder 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 (“TSXV”).
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. 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. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
We seek Safe Harbor.
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