Tisdale Clean Energy Receives Approval of TSX Venture Exchange for South Falcon East Property Option

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[{"type":"text","content":"Tisdale Clean Energy Receives Approval of TSX Venture Exchange for South Falcon East Property Option\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - January\n25, 2023 -\n \n \n TISDALE CLEAN ENERGY CORP.\n(“\n \n \n Tisdale\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:TCEC), (OTC:TCEFF),\n(FSE:T1KC)\n \n \n ,\n \n \n \n \n is pleased to announce that the\nTSX Venture Exchange (the “\n \n \n Exchange\n \n \n ”) has granted conditional\nacceptance for the option agreement (the “\n \n \n Option Agreement\n \n \n ”)\npreviously entered with Skyharbour Resources Ltd. (TSX.V: SYH) (the\n“\n \n \n Vendor\n \n \n ”), an arms-length party, pursuant to which the Company has\nbeen granted the right to acquire up to a seventy-five percent\ninterest in the South Falcon East Property (the “\n \n \n Property\n \n \n ”).  The\nProperty consists of a series of mineral claims totaling 12,770\nhectares, located in the Athabasca Basin in Northern Saskatchewan.\n The Property is prospective for uranium and adds to the Company’s\nexistence presence in the region where it is actively exploring the\n15,000-hectare Keefe Lake Uranium Project.\n \n \n \n \n Pursuant to the Option Agreement, the Company can\nacquire a seventy-five percent interest in the Property, in two\nphases.  Initially, the Company can acquire a fifty-one percent\ninterest in the Property by completing the following payments and\nincurring the following exploration expenditures on the\nProperty:\n \n \n \n \n Payments\n \n \n \n \n \n \n on closing, paying $350,000 (paid) and issuing\n1,111,111 common shares to the Vendor (issued);\n \n \n \n \n \n \n by the eighteen-month anniversary of closing, paying\n$1,450,000, of which up to $1,000,000 may be paid in common shares,\nbased on the 20-day volume-weighted average closing price calculated\non the day of issuance (\n \n \n VWAP\n \n \n ”), at the election of the\nCompany;\n \n \n \n \n \n \n by the second anniversary of closing, paying\n$1,800,000, of which up to $1,000,000 may be paid in common shares,\nbased on the VWAP, at the election of the Company; and\n \n \n \n \n \n \n by the third anniversary of closing, paying $2,500,000,\nof which up to $1,500...

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