Blue Sky Uranium Closes Over-Subscribed Non-Brokered Private Placement
Blue Sky Uranium Closes Over-Subscribed
Non-Brokered Private Placement
Frankfurt Stock Exchange: MAL2
TSX
Venture Exchange:
BSK
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, BC
,
May 6, 2024
/CNW/ -
Blue Sky Uranium Corp.
(TSX-V: BSK) (FSE: MAL2)
,
("Blue Sky"
or the
"Company")
is pleased to announce that it has closed the over-subscribed
private placement announced on
April 17, 2024
through the issuance of 18,267,999 units of the
Company (each, a "
Unit
") at a price of
$0.06
per Unit for aggregate gross proceeds of
$1,096,079.94
(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
$0.09
per share for two (2) years from the date of issue.
Finder's fees of
$50,986.60
are payable in cash on a portion of the Offering to parties at arm's
length to the Company (the "
Finders
"). In addition, the Company is also issuing 849,777 non-
transferable finder's warrants (the "
Finder's
Warrants
") to the Finders. Each Finder's Warrant
entitles the holder thereof to purchase one common share at a price of
$0.06
per share for two (2)
years from the date of issue, expiring on
May 6, 2026
.
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
. Prospective investors should read this
offering document before making an investment decision.
Certain insiders of the Company have participated in the Private Placement for
$10,002
in Units.
Such participation represents a related-party transaction under Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions ("
MI 61-101
"), but the transaction is
exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as
neither the fair market value of the subject matter of the transaction, nor the consideration paid,
exceed 25% of the Company's market capitalization.
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.
SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2024/06/c6228.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 07:00e 06-MAY-24