00:34:30 EDT Fri 17 May 2024
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Blue Sky Global Energy to list on TSX-V July 20

2023-07-18 16:22 ET - New Listing

Effective at the opening, Thursday, July 20, 2023, the shares of the company will commence trading on TSX Venture Exchange. The company is classified as a junior natural resource -- oil and gas company.

On July 18, 2023, pursuant to a three-cornered amalgamation agreement ITOK Capital Corp. (renamed Blue Sky Global Energy Corp.) acquired all of the issued and outstanding shares of 2413017 Alberta Ltd. for consideration of 44,007,955 shares at 10 cents per share.

A total of 16,526,899 common shares issued to principals will be subject to a Tier 2 value security escrow agreement to be released over a 36-month period upon listing. In accordance with the exchange's seed share resale restrictions, 184,500 common shares issued to non-principals will be subject to a Tier 2 value security escrow agreement to be released over a 36-month period upon listing and 23,216,289 common shares issued to non-principals are legended in accordance with a Tier 2 value security escrow agreement to be released over a 36-month period upon listing.

Corporate jurisdiction:   Ontario

Capitalization:  unlimited common shares with no par value of which 52,270,293 common shares are issued and outstanding

Escrowed shares:  39,927,688 common shares

Transfer agent:   Endeavor Trust Corp.

Trading symbol:  BGE

Cusip No.:  09605V 10 1

For further information, please refer to the company's filing statement dated May 15, 2023, and filed on SEDAR.

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