Blue Sky Uranium Announces Non-Brokered Private Placement
Blue Sky Uranium Announces Non-Brokered
Private Placement Using The Listed Issuer
Financing Exemption ("LIFE")
/NOT FOR DISTRIBUTION TO
UNITED STATES
OR THROUGH U.S. NEWSWIRE SERVICES/
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
VANCOUVER, BC
,
Aug. 14, 2024
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
,
("Blue Sky" or the "Company")
announces a non-brokered private placement for the sale of: (i) a
minimum of 20,000,000 units of the Company (each, a "
Unit
") at a price of
$0.045
per Unit (the
"
Offering Price
") for aggregate gross proceeds of
$900,000
; and (ii) a maximum of 21,000,000
Units at the Offering Price for aggregate gross proceeds of
$945,000
(the "
Offering
"). Red Cloud
Securities Inc. will be acting as a finder in connection with the Offering.
Each Unit will consist of one common share in the capital of the Company (each, a "
Common
Share
") and one transferrable Common Share purchase warrant (each, a "
Warrant
"). Each Warrant
will entitle the holder thereof to purchase one additional Common Share (each, a "
Warrant Share
")
at an exercise price of
$0.06
per Warrant Share for a period of four (4) years following the issue
date of the Unit.
"The finalization of the definitive agreement with
Corredor Americano S.A
. (COAM), a Corporacion
America Group company, will ensure that the Ivana Deposit is funded through to production with a
free carry for Blue Sky. The proposed transaction with COAM would catapult Blue Sky Uranium on
to a clear path through production with one of the most prominent groups in
Argentina
,
" stated
Nikolaos Cacos
, President and CEO.
"The proceeds of this financing will allow the Company to continue exploration on further known
targets outside of this partnership, including the recently acquired in-situ recovery uranium projects
and for working capital,"
added Cacos.
Please contact
Shawn Perger
at 1-604-687-1828 or Toll-Free: 1-800-901-0058
Email:
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 –
Prospectus Exemptions
("
NI 45-106
"), the Units will be offered for sale to
purchasers resident in
Canada
other than
Quebec
and in certain offshore jurisdictions pursuant to
the listed issuer financing exemption under Part 5A of NI 45-106 (the "
Listed Issuer Financing
Exemption
"). The Units may also be sold in certain other jurisdictions pursuant to applicable
securities laws. The Common Shares issuable from the sale of Units sold under the Listed Issuer
Financing Exemption are expected to be immediately freely tradeable under applicable Canadian
securities legislation if sold to purchasers resident in
Canada
, subject to any hold period imposed by
the TSX Venture Exchange (the "
Exchange
") on the securities issued to certain purchasers. There
is an offering document relating to the Offering that can be accessed under the Company's profile at
www.sedarplus.ca
and on the Company's website at
www.blueskyuranium.com
. Prospective
investors should read this offering document before making an investment decision.
Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all
necessary approvals, including but not limited to, the approval of the Exchange. Directors, officers
and employees of the Company may participate in a portion of the Offering and any securities
issued to such directors and officers are subject to the Exchange's four-month hold period. A
commission may be paid to arm's length finders on a portion of the Offering. The Company intends
to use the proceeds of the Offering for exploration programs on the Company's projects in
Argentina
and for general working capital.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "
1933 Act
") or any state securities laws, and accordingly,
may not be offered or sold within
the United States
except in compliance with the registration
requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions
therefrom. This press release does not constitute an offer to sell or a solicitation to buy any
securities in any jurisdiction.
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 closing of the Offering, the participation by insiders in the Offering,
finder's fees, and the use of proceeds; 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 not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.
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. Any forward-looking statement speaks only as
of the date on which it is made and the Company undertakes no obligation to publicly update or
revise any forward-looking statements, unless required pursuant to applicable laws.
SOURCE
Blue Sky Uranium Corp.
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For further information:
For further information please contact: Corporate Communications, Tel: 1-
604-687-1828 Toll-Free: 1-800-901-0058, Email: [email protected]
CO: Blue Sky Uranium Corp.
CNW 16:45e 14-AUG-24