Blue Sky Uranium Applies to Extend Warrants
Blue Sky Uranium has applied to the TSX Venture Exchange to extend the term of its outstanding warrants. The extension would affect 16,780,000 warrants expiring December 2, 2024, and 1,381,000 warrants expiring December 19, 2024, pushing both expiration dates to 2027. These warrants were issued during a private placement in December 2022 and maintain their exercise price of $0.20. Of the total, 200,000 warrants are held by company insiders, constituting a related party transaction under MI 61-101, though exempted from certain requirements as it represents less than 25% of market capitalization.
Blue Sky Uranium ha presentato una richiesta alla TSX Venture Exchange per prorogare il termine dei suoi warrant in circolazione. L'estensione riguarderebbe 16.780.000 warrant in scadenza il 2 dicembre 2024 e 1.381.000 warrant in scadenza il 19 dicembre 2024, spostando entrambe le date di scadenza al 2027. Questi warrant sono stati emessi durante un collocamento privato nel dicembre 2022 e mantengono il loro prezzo di esercizio di $0,20. Di questi, 200.000 warrant sono detenuti da soci della società, costituendo una transazione tra parti correlate ai sensi della MI 61-101, sebbene esentati da alcuni requisiti poiché rappresentano meno del 25% della capitalizzazione di mercato.
Blue Sky Uranium ha solicitado a la TSX Venture Exchange la extensión del plazo de sus warrants en circulación. La extensión afectaría a 16,780,000 warrants que vencen el 2 de diciembre de 2024 y a 1,381,000 warrants que vencen el 19 de diciembre de 2024, prorrogando ambas fechas de vencimiento a 2027. Estos warrants se emitieron durante una colocación privada en diciembre de 2022 y mantienen su precio de ejercicio de $0.20. De ellos, 200,000 warrants son poseídos por personas relacionadas con la empresa, constituyendo una transacción entre partes relacionadas bajo MI 61-101, aunque están exentos de ciertos requisitos ya que representan menos del 25% de la capitalización bursátil.
Blue Sky Uranium는 TSX Venture Exchange에 미결 보증서의 유효기간 연장을 신청했습니다. 이 연장은 2024년 12월 2일 만료되는 16,780,000개의 보증서와 2024년 12월 19일 만료되는 1,381,000개의 보증서에 영향을 미치며, 두 만료 날짜를 2027년으로 연장합니다. 이 보증서는 2022년 12월의 사모 배정 중에 발행되었으며, 행사 가격은 $0.20로 유지됩니다. 총 200,000개의 보증서는 회사 내부자가 보유하고 있으며, 이는 MI 61-101에 따른 관련당사자 거래를 구성하나 시장 자본금의 25% 미만을 차지하므로 일부 요구에서 면제됩니다.
Blue Sky Uranium a demandé à la Bourse de croissance TSX de prolonger la durée de ses warrants en circulation. L'extension concernerait 16 780 000 warrants expirant le 2 décembre 2024 et 1 381 000 warrants expirant le 19 décembre 2024, repoussant les deux dates d'expiration à 2027. Ces warrants ont été émis lors d'un placement privé en décembre 2022 et conservent leur prix d'exercice de 0,20 $. Parmi le total, 200 000 warrants sont détenus par des initiés de l'entreprise, constituant une transaction entre parties liées en vertu de la MI 61-101, bien qu'ils soient exemptés de certaines exigences car cela représente moins de 25 % de la capitalisation boursière.
Blue Sky Uranium hat beim TSX Venture Exchange einen Antrag auf Verlängerung der Laufzeit seiner ausstehenden Warrants gestellt. Die Verlängerung betrifft 16.780.000 Warrants, die am 2. Dezember 2024 ablaufen, und 1.381.000 Warrants, die am 19. Dezember 2024 ablaufen, und verschiebt beide Ablauffristen auf 2027. Diese Warrants wurden während einer Privatplatzierung im Dezember 2022 ausgegeben und behalten ihren Ausübungspreis von $0,20. Von der Gesamtzahl werden 200.000 Warrants von Unternehmensinsidern gehalten, was eine Transaktion mit nahestehenden Personen gemäß MI 61-101 darstellt, jedoch von bestimmten Anforderungen befreit ist, da es weniger als 25% der Marktkapitalisierung ausmacht.
- None.
- None of the previously issued warrants have been exercised, indicating potential lack of investor interest at current price levels
- Warrant extension could signal company's difficulty in raising capital through traditional means
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
- 16,780,000 Warrants and 1,381,000 Warrants that are set to expire on December 2 and December 19, 2024 respectively to be extended to December 2 and December 19, 2027 respectively. These Warrants were originally issued under a private placement completed by the Company in 2 Tranches in December 2022. None of the Warrants have been exercised.
The exercise price of the Warrants will remain at
The Company further reports that 200,000 Warrants are held by insiders of the Company. As such, the extension of such Warrants constitutes, to that extent, a "related party transaction" within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Shareholders ("MI 61-101"). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 (and Exchange Policy 5.9), as the fair market value of the Warrants held by the insiders does not exceed
The amendment is subject to the approval of the TSX Venture Exchange.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
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.
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