Business
CanAlaska Retains Market Stabilization and Liquidity Services and Grants Stock Options
CanAlaska Presenting at Virtual Uranium Conference May 13 Vancouver, British Columbia--(Newsf...
About this update from Canalaska Uranium Ltd
[{"type":"text","content":"CanAlaska Retains Market Stabilization and Liquidity Services and Grants Stock OptionsCanAlaska Presenting at Virtual Uranium Conference May 13Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (\"CanAlaska\" or the \"Company\") announces that, subject to regulatory approval, it has retained Red Cloud Securities Inc. to provide its market stabilization and liquidity services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange (\"TSX-V\") and other applicable legislation.Red Cloud will trade shares of the Company on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of CanAlaska's common shares. The agreement between Red Cloud and the Company may be terminated by either party with written notice of 30 days and the Company has agreed to pay Red Cloud $5,000 per month during the term, payable quarterly in advance. The Company and Red Cloud act at arm's length, but Red Cloud may provide investment banking or other services to CanAlaska and Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of CanAlaska. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market making agreement. There are no performance factors contained in the agreement between Red Cloud and the Company and Red Cloud will not receive any shares or options from the Company as compensation for services it will render.CanAlaska also announces that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 1,560,000 common shares of the Company pursuant to the Company's share option plan. The options are exercisable for a period of three years at a price of $0.68 per share.Conference Presentation LinkCanAlaska also would like to remind readers that it will present at the Red Cloud Conference \"Uranium: Fueling the Path Towards Electrification\", which will take place virtually this Thursday May 13, 2021. https://www.redcloudfs.com/uraniumconference2021This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The secur...