Blue Sky Uranium Announces Non-Brokered Private Placement
Blue Sky Uranium Announces Non-Brokered Private
Placement
VANCOUVER
,
May 27, 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 9,300,000 units at a
price of
$0.15
per unit for gross proceeds of
$1,395,000
.
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 three (3) years from the date of issue. If the volume weighted average price for the Company's shares is
$0.50
or greater for a period of 5 consecutive trading days, then the Company may deliver a notice (the "Notice") to the
warrantholder that the Warrants must be exercised within twenty (20) days from the date of delivery of such Notice,
otherwise the Warrants will expire at
4:30 p.m.
(
Vancouver
time) on the twenty-first (21
st
) day after the date of delivery
of the Notice. The accelerated exercise shall not apply until the expiration of the four-month hold period required under
Exchange policies and rules, and securities laws that are applicable to the Company.
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. 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.
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SOURCE
Blue Sky Uranium Corp.
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%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 27-MAY-19