May 08, 2015 CanAlaska Uranium Ltd. announces its intention to deregister from its reporting requirements in the United States
CanAlaska News Release - May 8 2015
Vancouver, Canada, May 8, 2015 - CanAlaska
Uranium Ltd. (TSX-V:
DH7N) announces its intention to terminate, under
Section 12(g) of the United States Securities Exchange Act of
1934 as amended (the "Exchange Act"), the registration of its
common shares. The Company can now terminate its reporting
obligations with the United States Securities and Exchange
Commission (the "SEC") under Section 13(a) of the Exchange Act.
For this purpose, the Company will file a Form 15F with the SEC
today. The termination of the registration of its common shares
under Section 12(g), and the termination of its reporting
obligations under Section 13(a), of the Exchange Act, will
become effective 90 days after its Form 15F is filed with the
SEC. The Company's reporting obligations with the SEC, including
its obligation to file annual reports on Form 20-F and furnish
reports on Form 6-K, will be suspended immediately.
The Company will continue to trade in the United States under
its listing on the OTCQB Exchange, in Canada on the TSX Venture
Exchange and in Germany on the Frankfurt Exchange. Its reporting
obligations will continue to be met in accordance with Canadian
securities regulations and filed on SEDAR under the Company's
profile at www.sedar.com, as well as www.otcmarkets.com, and on
its website, www.canalaska.com.
President Peter Dasler commented, "Our upgraded listing on the
OTCQB Exchange provides efficiencies in the Company's reporting
obligations in the United States. This will not only save
reporting expense, but also provide shareholders with a simple
and less confusing source of information about our Company."
The Company also announces that it has granted incentive stock
options to acquire 55,000 common shares at $0.20 per share for a
five year period.
About CanAlaska Uranium
CanAlaska Uranium Ltd. holds interests in approximately 770,000
hectares (1.9 million acres), one of the largest land positions
in Canada's Athabasca Basin region -- the "Saudi Arabia of
Uranium". CanAlaska's strategic holdings has attracted major
international mining companies Mitsubishi, KORES and KEPCO as
partners at its core projects. CanAlaska is positioned for
discovery success in the world's richest uranium district.
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
The TSX has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release:
CUSIP# 13708P 10 2. This news release contains certain
"Forward-Looking Statements" within the meaning of Section 21E
of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that
involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from
those anticipated in such statements. Important factors that
could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents
filed from time to time with the British Columbia Securities
Commission and the United States Securities & Exchange
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