CVVUF CanAlaska Uranium Ltd (QX)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For May 1, 2015	Commission File Number: 0-28792

 

 

CANALASKA URANIUM LTD.

(Translation of registrant’s name into English)

 

#1020 – 625 Howe Street, Vancouver, B.C. V6C 2T6

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F __X___ Form 40-F_____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes: _____ No: __X___

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ___________.

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

CanAlaska Uranium Ltd.

Registrant

 

“Dianne Szigety”

Dianne Szigety (Corporate Secretary)

 

May 1, 2015

Date

 

Exhibits

 

EX-99.1      Press Release

	CanAlaska Uranium Ltd. TSX Venture Exchange (TSX-V): CVV

 

NEWS RELEASE

 

CanAlaska Sells Two Diamond Prospects in Pikoo Region and Alaska Gold Subsidiary

 

Holds Interests in 13 Properties in Pikoo District

 

Vancouver, Canada, May 1, 2015 - CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) reports the sale of its C2 and C3 diamond claims to Copper Reef Mining Corporation. The two properties are located in the Pikoo diamond-bearing district in Eastern Saskatchewan, approximately 40 kilometres southeast of North Arrow Minerals Inc.’s Pikoo diamond discoveries. CanAlaska has interests in thirteen properties in the Pikoo diamond region. As the Company’s focus is uranium exploration, the sale of its diamond properties enables the monetization of non-core assets.

 

Terms of the sale include 1,000,000 shares of Copper Reef Mining (500,000 shares per claim block) payable on regulatory approval. CanAlaska will retain a 2.5% NSR over which Copper Reef has a Right of First Refusal. Copper Reef must complete 2 years of assessment work on the properties or issue 1,000,000 additional shares. CanAlaska will transfer title once shares are received.

 

The C2 and C3 claims contain a number of magnetic targets that could be caused by kimberlite intrusions. These excellent kimberlite-like magnetic targets occur in Archean basement rocks next to the Tabbenor Fault. Since overburden in the Pikoo area is quite thin, it has favourable conditions for till sampling, prospecting and drilling. Additionally, roads are conveniently located within 1-2 kilometres from the properties to provide inexpensive access.

 

Following North Arrow Minerals’ 2013 discovery of several diamond-bearing kimberlites at their Pikoo property, CanAlaska staked thirteen claims (four now acquired by Copper Reef) in the district deemed to be highly prospective for diamonds. The staking rush continued into 2014 with several groups acquiring ground in the region. Recent exploration in the Pikoo district has identified kimberlite indicator minerals in several areas.

 

Summary information of CanAlaska’s Pikoo diamond properties – available for sale or option – and about the Pikoo district is available at http://www.canalaska.com/s/Diamond.asp?ReportID=692188.

 

Alaskan Gold Subsidiary Sold

The Company is also pleased to report the sale this month of its ownership interest in the Rainbow Hill project in Alaska to non-related private interests for a cash payment of US$50,000. This sale provides additional operating capabilities for CanAlaska.

 

Dr. Karl Schimann, PhD, P.Geo, is the qualified technical person responsible for this news release.

 

About CanAlaska Uranium

 

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) 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. For further information, visit www.canalaska.com.

 

On behalf of the Board of Directors

 

 

Peter Dasler, M.Sc., P.Geo., President & CEO,
CanAlaska Uranium Ltd.

 

Contact: Peter Dasler, President and CEO Tel: +1.604.688.3211 x 138 Email: info@canalaska.com

 

 

 

 

 

 

 

The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news release may contain 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 Commission.