Ryan Kalt Announces Acquisition of Common Shares of Athabasca Nuclear Corp. - ("ASC") (Formerly Yellowjacket Resources Ltd. - "YJK")
Ryan Kalt Announces Acquisition of Common Shares of Athabasca Nuclear Corp. - ("ASC") (Formerly Yellowjacket Resources Ltd. - "YJK")
Cranbrook, British Columbia CANADA, May 30, 2013 /FSC/ - Yellowjacket Resources Ltd. (YJK - TSX Venture), During the period of May 26, 2012 to June 4, 2012, Ryan Kalt completed open market purchases through the facilities of the TSX Venture Exchange to acquire beneficial ownership of 403,500 Common Shares ("Common Shares") in the capital of Athabasca Nuclear Corp. ("Athabasca Nuclear"). On June 6, 2012 Mr. Kalt was granted stock options entitling him to acquire 400,000 Common shares, which options should they be exercised, together with Mr. Kalt's open market purchases, represent approximately 1.98% of the issued and outstanding Common Shares as at May 25, 2012.
As of May 30, 2013 Ryan Kalt acquired beneficial ownership of 1,600,000 units ("Units") in the capital of Athabasca Nuclear through a private placement offering as announced in the Athabasca Nuclear (then Yellowjacket) press release dated April 30, 2013. Each Unit consisted of one Common Share and one-half of a Common Share purchase warrant ("Warrants"), and were purchased at a price of $0.12 per Unit. Each Warrant entitles Mr. Kalt to acquire one Common Share for a period of 18 months. The 1,600,000 Common Shares forming part of the Units acquired represent approximately 3.95% of the issued and outstanding Common Shares as at May 26, 2013.
Collectively, Mr. Kalt has since May 25, 2012 purchased 2,003,500 Common Shares. As a result, Mr. Kalt currently holds 9,625,167 Common Shares, representing approximately 22.3% of the currently issued and outstanding Common Shares (or 17,491,834 Common Shares assuming all warrants and stock options held by Mr. Kalt are exercised and converted into Common Shares).
There are no other persons acting jointly or in concert with Mr. Kalt.
Mr. Kalt effected the acquisition of common shares for investment purposes. Mr. Kalt reserves the right to purchase additional securities of Athabasca Nuclear or from time to time to dispose of any securities of Athabasca Nuclear that he may own.
For additional information, or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact:
Ryan Kalt
200, 638 - 11th Avenue SW
Calgary, AB T2R 0E2
Telephone: (403) 470-3265
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/yellowjacketres05302013.pdf
Source: Yellowjacket Resources Ltd. (TSX-V: YJK) http://www.athabascanuclear.com
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