Blue Sky Uranium Corp. (TSXV: BSK) has made an application to the TSX Venture Exchange (TSXV) to extend the term of the outstanding warrants as follows:
- 4,203,182 unexercised warrants (4,528,182 original granted) that are set to expire on June 4 and July 11, 2022 to be extended to June 4 and July 11, 2024 respectively. These warrants were originally issued under a private placement completed by the Company in 2 Tranches in June and July 2019.
Of the 325,000 warrants that have been exercised, 100,000 have been exercised by one shareholder within the past six months. The company notes that, at the request of the TSXV, it has received a Consent from this shareholder for this application to extend the expiry date of the remaining warrants.
The exercise price of the warrants will remain at C$0.25. Each warrant, when exercised, will be exchangeable for one common share of the company.
If the volume weighted average price for the company’s shares is C$0.50 or greater for a period of five consecutive trading days, then the Company may deliver a notice to the 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, while respecting the environment, the communities, and the cultures in all the areas in which we work. 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.
For further information please visit: https://blueskyuranium.com/
