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Blue Sky Uranium Corp. (BSK-TSX.V) is pleased to announce the amendment of the option agreements that were entered into on the Eagle Lake and Karin Lake projects dated December 14, 2006, and May 29, 2007. The parties have agreed to a $477,000 budget for an upcoming drilling program that is expected to commence in February or March 2008. Blue Sky will issue an additional 500,000 shares to cover 50% of the cost of the drill program and will pay no more than $239,000 for the remaining 50% of the drill program. The additional shares to be issued will be released at a rate of 100,000 per month beginning July 1, 2008 and ending on November 1, 2008. Expenditures by Blue Sky on work commitments past the minimum required in earlier agreements on either the Eagle Lake or Karin Lake projects can be applied against outstanding work commitments on the other project. Blue Sky is earning a 60% interest in the 69,000 hectare Eagle and Karin Lake projects, located in the Athabasca region of Saskatchewan. Blue Sky is a uranium exploration company led by experienced management and technical teams. Blue Sky is actively exploring in the Patagonia region of Argentina, in Colombia and in the Athabasca area of Northern Saskatchewan. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America. ON BEHALF OF THE BOARD "Sean Hurd" Mr. Sean Hurd, President & CEO |
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| aus der Diskussion: | Blue Sky Uranium: Fakten und News |
| Autor (Datum des Eintrages): | hoschmi (13.02.08 08:01:33) |
| Beitrag: | 60 von 101 (ID:33350189) |
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