Blue Sky Uranium Announces Non-Brokered Private Placement
Blue Sky Uranium Announces Non-Brokered Private
Placement
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER
,
Oct. 7, 2019
/CNW/ -
Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), ("Blue Sky"
or the "Company")
is pleased to announce a non-brokered private placement financing of up to 5,700,000 units at a
price of
$0.15
per unit for gross proceeds of
$855,000
.
Each unit will consist of one common share and one transferrable common share purchase warrant (the "Units"). Each
warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at
$0.25
per share for two (2) years from the date of issue.
This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a
four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company
may participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the
financing will be used for exploration programs on the Company's projects in
Argentina
and for general working capital.
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.
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
.
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SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2019/07/c7585.html
%SEDAR: 00023601E
For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email:
CO: Blue Sky Uranium Corp.
CNW 09:30e 07-OCT-19