AMENDED - Blue Sky Uranium Closes 1st Tranche of Non-Brokered Private Placement
AMENDED - Blue Sky Uranium Closes 1st
Tranche of Non-Brokered Private Placement
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, BC
,
June 21, 2023
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
, ("Blue Sky"
or the
"Company")
further to the Company's news release dated
June
19, 2023
, the Company announces an increase of the units issued from 14,155,635 to include an
additional 666,666 units for a new total for the 1
st
tranche of 14,822,301 units for aggregate gross
proceeds of
$1,111,672.58
.
Each unit (a "
Unit
") consists of one common share (a "
Share
") and one transferrable common share
purchase warrant (a "
Warrant
"). Each Warrant will entitle the holder thereof to purchase one
additional common share in the capital of the Company at
$0.12
per share for three (3) years from
the date of issue, expiring on
June 19, 2026
.
There is also an increase to the Finder's fees of
$3,500
payable in cash for a total of
$48,073.90
on
a portion of the private placement to parties at arm's length to the Company. An additional 46,667
non-transferable finder's warrants for a total of 640,985 finder warrants are being issued (the
"
Finder's
Warrants
"). Each Finder's Warrant entitles a finder to purchase one common share at a
price of
$0.075
per share for three (3) years from the date of issue, expiring on
June 19, 2026
.
The proceeds of the financing will be used for exploration programs on the Company's projects in
Argentina
and for general working capital.
This financing is subject to regulatory approval, including the approval of the TSX Venture Exchange.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in
Argentina
. The Company's objective is to
deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium
deposits into low-cost producers, while respecting the environment, the communities, and the
cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two
provinces in
Argentina
. The Company's flagship Amarillo Grande Project was an in-house discovery
of a new district that has the potential to be both a leading domestic supplier of uranium to the
growing Argentine market and a new international market supplier. The Company is a member of the
Grosso Group, a resource management group that has pioneered exploration in
Argentina
since
1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos
, President, CEO and Director
Neither 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 forward-looking statements. Forward-looking statements address
future events and conditions and therefore involve inherent risks and uncertainties. All statements,
other than statements of historical fact, that address activities, events or developments the
Company believes, expects or anticipates will or may occur in the future, including, without
limitation, statements about the receipt of regulatory approval for the Offering, the Company's
plans for the use of the proceeds from the Offering, the Company's plans for its mineral properties;
the Company's business strategy, plans and outlooks; the future financial or operating
performance of the Company; and future exploration and operating plans are forward-looking
statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects on, the Company. Factors
that could cause actual results or events to differ materially from current expectations include,
among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain
necessary approvals, including Exchange approval for the closing of the Offering, the ability to
obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical
difficulties in connection with mining activities; and the possibility that future exploration,
development or mining results will not be consistent with the Company's expectations.
Actual
results may differ materially from those currently anticipated in such statements. Readers are
encouraged to refer to the Company's public disclosure documents for a more detailed discussion
of factors that may impact expected future results. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, unless required pursuant to applicable
laws.
The securities being offered have not been, nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within
the United States
or to, or for the account or benefit of, U.S. persons absent U.S. federal and state
registration or an applicable exemption from the U.S. registration requirements. This release does
not constitute an offer for sale of securities in
the United States
.
SOURCE
Blue Sky Uranium Corp.
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For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-
0058, Email: [email protected]
CO: Blue Sky Uranium Corp.
CNW 07:00e 21-JUN-23