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Blue Sky Uranium Corp V.BSK

Alternate Symbol(s):  BKUCF

Blue Sky Uranium Corp. is a uranium and vanadium exploration company. The Company is focusing its uranium and vanadium exploration efforts on southern Argentina, with 100% control of more than 450,000 hectares of mining tenures. Its projects include the Amarillo Grande Project, the Sierra Colonia Project, the Tierras Coloradas Project, and the Cerro Parva Project. The Amarillo Grande Project is located in central Rio Negro province, in the Patagonia region of southern Argentina. The Sierra Colonia project includes 100% ownership of more than 28,470 hectares in the central-eastern part of Chubut Province. The Tierras Coloradas project includes four cateos totaling 40,000 hectares in the northeast of Chubut. The property is situated in the central, western portion of the Uranium District. The Cerro Parva project includes a 100% ownership interest in eleven mining properties covering over 36,237 hectares in the central part of Chubut Province.


TSXV:BSK - Post by User

Post by Madheighton Aug 24, 2020 8:36am
231 Views
Post# 31444732

BOD wants to add new "Article 26"

BOD wants to add new "Article 26"Read page 18 and 19 of the new "circular" per recent Sedar posting describing a proposal to add a new Article 26.  In particular please read Paragraphs "MATERIAL DIFFERENCES BETWEEN EXISTING ARTICLES AND NEW ARTICLES.  I am concerned with particular MATERIAL differences stated on page 19 as follows: "3) increase, reduce, or eliminate the maximum number of shares that the Company is authorized to issue out of any class or series of shares or establish a maximum number of shares that the Company is authorized to issue out of any class or series of shares for which no maximum is established  4) subdivide or consolidate all or any of its unissued, or fully paid issued shares 8) otherwise alter its shares or authorized share sturcture when required or permitted to do so by the BCBCA (British Columbia Business Corporations Act)"                                   The BOD wants to make these changes without a vote by shareholders ongoing.  Maybe I'm misinterpreting but to me it means that, upon approval of Article 26, the BOD can issue preferred placements at will and can consolidate (i.e. reverse split) shares at will. 
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