Mr. Nikolaos Cacos reports
BLUE SKY URANIUM INCREASES NON-BROKERED PRIVATE PLACEMENT
Due to high investor demand, Blue Sky Uranium Corp. has increased the private placement amount announced on June 1, 2018, from $2.66-million to $3.08-million, consisting of 22 million units at 14 cents per unit.
Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at 30 cents per share for two 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 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. Blue Sky has the exclusive right to over 434,000 hectares (equivalent to 1,072,437 acres) of property 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.
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