Blue Sky Uranium Applies to Extend Warrants

Rhea-AI Summary

Blue Sky Uranium Corp. (OTC: BKUCF) has announced its application to the TSX Venture Exchange to extend the term of 24,906,588 outstanding warrants set to expire on June 11, 2022, to June 11, 2023. The exercise price remains at $0.30. These warrants were originally issued in June 2018 under a private placement and have not yet been exercised. The amendment is pending approval from the TSXV. The company focuses on uranium discovery in Argentina and aims to advance its projects into low-cost producers, enhancing shareholder value.

Positive

• Warrant extension allows additional time for potential exercise, maintaining $0.30 exercise price.
• Company is positioned as a leader in uranium discovery in Argentina with growth potential.

Negative

• Warrants set to expire without exercise may indicate weak investor interest in the stock.

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

VANCOUVER, BC, May 27, 2022 /PRNewswire/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that it has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

• 24,906,588 that are set to expire on June 11, 2022 (previously extended from 2020) to be extended to June 11, 2023. These warrants were originally issued under a private placement completed by the Company in June 2018. None of the warrants have been exercised.

The exercise price of the warrants will remain at $0.30.  Each 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 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.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements.   We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. 

View original content:https://www.prnewswire.com/news-releases/blue-sky-uranium-applies-to-extend-warrants-301556471.html

SOURCE Blue Sky Uranium Corp.

FAQ

What is the significance of Blue Sky Uranium's warrant extension application on June 11, 2022?

The application seeks to extend the expiry date of 24,906,588 warrants to June 11, 2023, allowing investors more time to exercise their options.

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

The exercise price remains at $0.30 per warrant.

How does the warrant extension affect Blue Sky Uranium's stock performance?

The extension may provide potential for increased investment interest, depending on market conditions.

When were the warrants originally issued for Blue Sky Uranium?

The warrants were originally issued in June 2018 under a private placement.

What is the current market focus of Blue Sky Uranium?

The company focuses on uranium discovery and advancing its projects in Argentina.