Blue Sky Uranium Applies to Extend Warrants

Rhea-AI Summary

Blue Sky Uranium Corp. (OTC: BKUCF) has applied to the TSX Venture Exchange to extend the expiration date of 5,793,333 outstanding warrants from October 23, 2021, to October 23, 2024. The exercise price will remain at $0.25 per warrant, allowing for the conversion into common shares. The extension is pending approval from the TSXV. Blue Sky Uranium is focused on uranium discovery in Argentina, aiming to advance its portfolio of uranium deposits while being environmentally and socially responsible.

Positive

• Extension of warrant expiration provides investors additional time to exercise their options.
• Company maintains the exercise price at $0.25, potentially attracting continued investor interest.

Negative

• Need for extension may indicate a lack of market confidence for the warrants set to expire.
• Pending approval from the TSXV introduces uncertainty regarding the extension's success.

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, Sept. 29, 2021 /PRNewswire/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

• 5,793,333 warrants that are set to expire on October 23, 2021 to be extended to October 23, 2024.

The exercise price of the warrants will remain at $0.25.  Each whole warrant, when exercised, will be exchangeable for one common share of the Company.

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 of 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.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Blue Sky Uranium Corp.

FAQ

What is the news about Blue Sky Uranium and the expiration of warrants?

Blue Sky Uranium has applied to extend the expiration of 5,793,333 warrants from October 23, 2021, to October 23, 2024.

What is the exercise price for the warrants of Blue Sky Uranium?

The exercise price for the warrants will remain at $0.25.

What does the extension of warrants mean for BKUCF shareholders?

The extension provides BKUCF shareholders additional time to capitalize on their investment, though it may also suggest market concerns.

When is the new expiration date for the warrants of Blue Sky Uranium?

The new expiration date, if approved, will be October 23, 2024.

What is Blue Sky Uranium's main business focus?

Blue Sky Uranium focuses on uranium discovery and advancing its uranium deposits in Argentina.