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Vancouver, B.C., May 30, 2023 – TISDALE CLEAN ENERGY CORP. (the “Company” or “Tisdale”) (TSX.V: TCEC, OTCQB: TCEFF, FSE: T1KC), is pleased to announce that it has received conditional approval for the voluntary delisting of the Company’s common shares (“Common Shares”) from the TSX Venture Exchange (“TSX-V”) in connection with the Company’s receipt of approval to list the Common Shares on the Canadian Securities Exchange (the “CSE”).
Tisdale received conditional approval to list the Common Shares on the CSE on May 15, 2023. Subject to receipt of final approval from each of the CSE and TSX-V, the Common Shares are expected to be delisted from the TSX-V after the closing of trading on June 1, 2023 and, effective as at the open of markets on June 2, 2023, the Common Shares will be listed and posted for trading on the CSE, under the existing symbol “TCEC”.
No change will occur to the quotation and trading of Tisdale shares under its existing symbol “TCEFF” on the OTCQB Markets, and under its existing code “T1KC” on the Frankfurt Stock Exchange.
Private Placement Disclosure
Further to a press release dated March 16, 2023, the Company would also like to provide additional disclosure in regards to its non-brokered private placement of 2,507,500 units for aggregate gross proceeds of $1,003,000 which closed March 13, 2023 (the “Offering”). It is anticipated that the gross proceeds from the Offering will be used for a planned work program at the Company’s Keefe Lake Uranium Project, initial analysis work for its South Falcon East Property and general working capital purposes. In connection with the Offering, the Company also issued 60,900 broker warrants to certain arms-length parties who assisted in introducing subscribers to the Offering. Each such broker warrant entitles the holder thereof to acquire one Common Share at a price of $0.75 per share until March 13, 2026, subject to accelerated expiry in certain circumstances.
For further information, contact Alex Klenman at info@tisdaleresources.com or 604.970.4330.
About Tisdale Clean Energy Corp.
Tisdale is a Canadian-based exploration company focused on the acquisition and advancement of critical energy/fuel projects. The Company is currently developing two uranium projects located in the Athabasca Basin, Saskatchewan, Canada, including the 15,000-ha the Keefe Lake uranium project, and the 12,770-ha South Falcon East uranium project, which contains the Fraser Lakes B Uranium Deposit.
ON BEHALF OF THE BOARD OF TISDALE CLEAN ENERGY CORP.
“Alex Klenman”
Alex Klenman, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the anticipated date for the transfer of the listing of the Company and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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