Blue Sky Uranium Closes 1st Tranche of Non- Brokered Private Placement
Blue Sky Uranium Closes 1st Tranche of 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
,
Jan. 11, 2021
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
, ("Blue Sky"
or the
"Company")
is pleased to announce it has closed the 1
st
tranche of the non-brokered private placement (the "
Private Placement
") through the issuance of
22,913,577 units at a subscription price of
$0.13
per unit for aggregate gross proceeds to the
Company of
$2,978,765
. The Company announced the private placement on
December 29, 2020
and due to high investor demand, increased the amount from
$3,510,000
to
$5,460,000
consisting of
42 million units on
January 5, 2021
.
Each unit consists 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.
Finder's fees of
$12,762.75
are payable in cash on a portion of the private placement to parties at
arm's length to the Company. In addition, 98,175 non-transferable finder's warrants are being
issued (the "
Finder's
Warrants
"). Each Finder's Warrant entitles a finder to purchase one common
share at a price of
$0.25
per share for three years from the date of issue, expiring on
January 11,
2024
.
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 and all securities to be issued pursuant to the
financing are subject to a four-month hold period expiring on
May 11, 2021
.
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/January2021/11/c8550.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 09:15e 11-JAN-21