Blue Sky Resources Ltd. entered into a definitive agreement to acquire Blue Sky Global Energy Corp. for CAD 17.7 million in a reverse merger transaction.
The Acquisition is subject to due diligence, with customary representations, warranties and closing conditions and, shareholder approvals of the parties (including ?majority of the minority? approval from disinterested shareholders, as applicable). The Acquisition also requires approval of the TSXV as it is an RTO pursuant to the applicable policies of the TSXV and is subject to the company resulting from the Acquisition meeting the continued listing requirements of the TSXV. No finder?s fees are being paid in connection with the Acquisition. The effective date of the Acquisition shall be January 1, 2024, or such date as the parties mutually agree.