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Blue Sky Uranium Announces Warrant Exercise Incentive Program
Blue Sky Uranium Announces Warrant Exercise Incentive Program PR Newswire ...
About this update from Blue Sky Uranium Corp.
[{"type":"text","content":"\n \n \n \n Blue Sky Uranium Announces Warrant Exercise Incentive Program\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 7, 2021\n \n /PRNewswire/ -\n \n Blue Sky Uranium Corp.\n \n (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF),\n \n \"Blue Sky\" or the \"Company\")\n \n announces that it intends to implement a warrant exercise incentive program (the \"\n \n Incentive Program\n \n \"). The Company has applied for TSX Venture Exchange (the \"\n \n TSXV\n \n \") approval for the Incentive Program.\n \n \n As announced on\n \n October 23, 2019\n \n , the Company completed a private placement offering of 5,793,333 units (\"\n \n Units\n \n \") at a subscription price of\n \n $0.15\n \n per Unit. Each unit was comprised of one common share and one common share purchase warrant for two years at\n \n $0.25\n \n from the date of issuance (the \"\n \n Placement Warrants\n \n \"). All of the Placement Warrants remain outstanding expiring\n \n October 23, 2021\n \n (the \"\n \n Expiry Date\n \n \").\n \n \n The Incentive Program will commence on the date of receipt of conditional acceptance by the TSXV and will expire at\n \n 4:00 p.m.\n \n (\n \n Vancouver\n \n time) on the Expiry Date (the \"\n \n Incentive Period\n \n \"). If the Placement Warrant holder exercises the Placement Warrants, the Placement Warrant holder will receive one additional warrant (an \"\n \n Incentive Warrant\n \n \") in consideration of the exercise of each Placement Warrant. Each Incentive Warrant will be exercisable to acquire one common share of the Company at a price of\n \n $0.35\n \n per share for a period of three years from the date of issuance. The Company believes this will give existing Placement Warrant holders the right incentive to exercise their Placement Warrants. The Incentive Warrants and any shares issued upon the exercise of the Incentive Warrants will be subject to a hold period expiring four months plus one day after the date of distribution of the Incentive Warrants.\n \n \n In the event a Placement Warrant holder determ...