Blue Sky Provides Corporate Update
27 January 2021 - 12:00PM
Blue Sky Energy Inc. (“Blue Sky” or the “Company”) (TSXV: BSI.H) is
pleased to announce that Mr. Kenny Choi has been appointed as the
Chief Executive Officer and a director of the Company effective
immediately.
Mr. Choi is a corporate lawyer who is corporate
secretary and legal consultant to various TSX and TSX Venture
listed companies in the mining and technology industries. He was
previously an associate at a large Toronto corporate law firm,
where he worked on a variety of corporate and commercial
transactions. Mr. Choi studied at Western University, where he
obtained a Juris Doctor from the Faculty of Law and an Honours
Business Administration degree from the Ivey Business School. Mr.
Choi is also the Corporate Secretary of Blue Sky Energy.
The appointment of Mr. Choi follows Mr. Ahmed
Said's resignation as Chief Executive Officer and a director of the
Company, also effective immediately. The board and management of
the Company express their gratitude to Mr. Said for his efforts and
extensive contributions and wish him well in his future
endeavours.
Stock Option Grant
The Company has granted a total of 2,640,000
stock options to certain officers, directors and consultants of the
Company pursuant to the Company’s stock option plan. The stock
options vest immediately and may be exercised at a price of $0.155
(the closing price of the common shares of the Company as of the
date of this press release) per option for a period of five years
from the date of grant. This grant of options is subject to the
approval of the TSX Venture Exchange.
About Blue Sky:
Blue Sky Energy Inc. is a Canadian oil and gas
exploration company.
For more information, contact:
Kenny Choi Chief Executive Officer Blue Sky Energy
Inc. kenny.choi@fmresources.ca
Forward-looking information
This news release contains forward-looking
information relating to the Company's growth and corporate
strategy. Forward-looking information relates to management's
future outlook and anticipated events or results, and may include
statements or information regarding the appointment and resignation
of officers, grant of incentive stock options and the future plans
or prospects of the Company. Although management of the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward‐looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended.
Forward looking-information is subject to
certain factors, including risks and uncertainties that could cause
actual results to differ materially from what is currently
expected. These factors include risks and uncertainties associated
with oil and gas exploration, development, exploitation, delays
resulting from or inability to obtain required regulatory approvals
and ability to access sufficient capital from internal and external
sources, reliance on key personnel, regulatory risks and delays and
other risks and uncertainties discussed in the management
discussion and analysis section of the Company’s interim and most
recent annual financial statement or other reports and filings with
the TSX Venture Exchange and applicable Canadian securities
regulations. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward‐looking information.
The forward-looking statements contained in this
news release are made as of the date of this news release. Except
as required by law, the Company disclaims any intention and assumes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on
the expectations of, or statements made by, third parties in
respect of the matters discussed above.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE
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