Blue Sky Uranium Closes 2nd and Final Tranche of the Non-Brokered Private Placement
Blue Sky Uranium Closes 2nd and Final
Tranche of the Non-Brokered Private
Placement
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES./
VANCOUVER, BC
,
Oct. 13, 2023
/CNW/
- Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF),
("Blue Sky"
or the
"Company")
is pleased to announce it has closed the 2
nd
and
final tranche of the non-brokered private placement financing announced on
September 26, 2023
and
increased on
October 4, 2023
, consisting of 7,133,333 units (each, a "
Unit
") in this tranche at a
price of
$0.075
per Unit for gross proceeds of
$535,000
. In total, the Company issued 20,466,666
Units for total gross proceeds of
$1,535,000
(the "
Offering
").
Each Unit consists of one common 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
$0.12
per share for three (3) years from the date of issue.
In this tranche, finders' fees of
$32,371.50
were paid in cash on a portion of the private placement
to parties at arm's length to the Company. In addition, 431,620 non-transferable finder's warrants
were issued (the "
Finder's
Warrant
"). Each Finder's Warrant entitles a finder to purchase one
common share at a price of
$0.075
per share for three years from the date of issue, expiring on
October 13, 2026
. In total, cash finders' fees of
$97,293
were paid and 1,297,240 Finders'
Warrants were issued for the Offering.
There is an offering document relating to the Offering that has been amended to reflect the increase
in size of the Offering, which can be accessed under the Company's profile at
www.sedarplus.ca
and on the Company's website at
www.blueskyuranium.com
.
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 Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.
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 receipt of regulatory approval for the Offering, the Company's
plans for the closing of the Offering, finder's fees on the Offering, the use of the proceeds from the
Offering, 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 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. 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:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-
0058, Email: [email protected]
CO: Blue Sky Uranium Corp.
CNW 07:00e 13-OCT-23