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
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
/
VANCOUVER, BC
,
May 24, 2022
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
, ("Blue Sky" or the "Company")
is pleased to announce a non-brokered private
placement financing of up to 7,000,000 units at a price of
$0.15
per unit for gross proceeds of
$1,050,000
.
"As demand for uranium and overall interest in the sector continues to increase we want to ensure
that Blue Sky is funded to continue and expand its staged drill program at the Amarillo Grande
Project,"
stated
Nikolaos Cacos
, President & C.E.O.
"With this raise we will be well positioned to
drill test multiple priority targets in the Ivana area as drilling permits are granted with the goal of
expanding the projects resource base."
Each unit (the "
Units
") will consist 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
$0.25
per share for three (3) 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
.
SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2022/24/c8455.html
%SEDAR: 00023601E
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 14:22e 24-MAY-22