Blue Sky Uranium Announces Non-Brokered Private Placement Using the Listed Issuer Financing Exemption
Blue Sky Uranium Corporation (the Company or Blue Sky) is pleased to announce a non-brokered private placement offering of up to 10,000,000 units (the Units) at a price of $0.20 per Unit, for gross proceeds of up to $2,000,000.
Each Unit will consist of one common share of the Company (a Common Share) and one Common Share purchase warrant (a Warrant). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.30 for a period of 24 months following the closing of the offering.
The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The private placement is being conducted pursuant to the waiver order issued by the British Columbia Securities Commission on August 23, 2021. The closing of the offering is expected to occur on or about August 30, 2021, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
The Company may pay finder’s fees in connection with the private placement, subject to the policies of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period expiring four months and one day from the date of closing.
Investors interested in participating in the private placement should contact the Company at info@blueskyuranium.com. This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
About Blue Sky Uranium Corporation
Blue Sky Uranium is a leader in uranium discovery in Argentina, advancing a portfolio of advanced uranium projects into production. The Company’s mission is to support Argentina’s growing energy demands, focusing on the exploration, development, and production of uranium to supply the country’s future clean energy needs.
For more information, please contact:
Blue Sky Uranium Corporation
info@blueskyuranium.com
www.blueskyuranium.com
This press release contains certain forward-looking statements within the meaning of Canadian securities legislation. These forward-looking statements are subject to risks and uncertainties, including those related to, but not limited to, economic conditions, changes in the regulatory environment, fluctuations in commodity prices, and governmental approval processes.
Investors are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements except as required by applicable securities laws.
SOURCE: Blue Sky Uranium Corporation
For further information:
Investor Relations
Email: ir@blueskyuranium.com
Phone: (123) 456-7890
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