Blue Sky Uranium Closes 3rd and Final Tranche of Non-Brokered Private Placement
Blue Sky Uranium Closes 3rd and Final
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
,
June 22, 2022
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
("Blue Sky" or the "Company")
is pleased to announce it has closed the 3
rd
and
final tranche of the non-brokered private placement financing announced on
May 24, 2022
and
increased on
June 8, 2022
, consisting of 2,261,000 units in this tranche at a price of
$0.15
per unit
for gross proceeds of
$339,150
. In total the Company issued 14,000,000 units for total gross
proceeds of
$2,100,000
.
"
We are very pleased to close this expanded financing,
" stated
Nikolaos Cacos
, President and
CEO. "
Of particular note, the participation of a significant number of institutional investors in the
private placement is testament to the quality and potential of the Amarillo Grande
Uranium/Vanadium Project.
"
Each unit consists of one common share and one transferrable common share purchase warrant
(the "
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 years from the date of issue,
expiring on
June 22, 2025
, in this 3
rd
and final tranche.
In this tranche, finder's fees of
$20,275.50
are payable in cash on a portion of the private placement
to parties at arm's length to the Company. In addition, 135,170 non-transferable finder's warrants
are being issued (the "
Finder's
Warrant
"). 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
June
22
, 2025. In total, cash finder's fees of
$91,105
were paid and 607,367 Finder's Warrants were
issued.
No insiders of the Company participated in this tranche of the Private Placement. In total, insiders
participated for
$10,000
in this private placement.
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 this tranche
of the financing are subject to a four-month hold period expiring on
October 22, 2022
.
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.
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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 14:52e 22-JUN-22