OR THROUGH U.S. NEWSWIRE SERVICES/ TSX Venture Exchange: BSK
Blue Sky Uranium Closes 3rd and Final
Tranche of Non-Brokered Private Placement
/NOT FOR DISTRIBUTION TO
THE UNITED STATES
OR THROUGH U.S. NEWSWIRE
SERVICES/
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC
,
Aug. 15, 2025
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
, ("Blue Sky"
or the
"Company")
announces that it has closed final tranche of the
private placement through the issuance of 1,851,000 units of the Company (each, a "
Unit
") at a
price of
$0.06
per Unit for aggregate gross proceeds of
$111,060
(the "
Offering
"). In total, the
Company has issued 29,212,633 Units for aggregate gross proceeds of
$1,752,758
.
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
$0.075
per share for three (3) years from the date of issue, expiring
August 16, 2028
for this final tranche.
The Company intends to use the proceeds of the Offering for general working capital.
Finder's fees of
$714
are payable in cash on a portion of the Offering from this tranche to parties at
arm's length to the Company. In addition, 11,900 non-transferable finder's warrants are being issued
for this tranche (the "
Finder's
Warrants
"). Each Finder's Warrant entitles a finder to purchase one
common share at a price of
$0.06
per share for three (3) years from the date of issue, expiring on
August 16, 2028
. In total, the Company paid cash finder's fees of
$4,822.86
and issued 80,381
Finder's Warrants for this Offering.
Certain insiders of the Company participated in this tranche of the Offering for
$21,000
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. In total, insiders participated in the Offering for
$117,000
in Units.
This Offering is subject to regulatory approval and all securities to be issued pursuant to the Offering
in this 3
rd
and final tranche are subject to a four-month hold period under applicable Canadian
securities laws expiring on
December 16, 2025
. The proceeds of the Offering will be used for
general working capital.
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 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'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's recently optioned
Corcovo project has potential to host an in-situ recovery ("
ISR
") uranium deposit. 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.
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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 07:00e 15-AUG-25