Blue Sky Uranium Increases Non-Brokered Private Placement
Blue Sky Uranium Increases 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
,
Dec. 1, 2022
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF) (
"Blue Sky" or the "Company")
announces that due to high investor demand, the
Company has increased the private placement amount announced on
November 21, 2022
, from
$1,000,000
to
$1,800,000
consisting of 18 million units (the "
Units
") at
$0.10
per Unit.
Each Unit will consist 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
$0.20
per share for two (2) years from the date of issue.
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, 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 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.
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 01-DEC-22