Blue Sky Uranium Corp. (TSXV: BSK | FSE: MAL2 | OTC: BKUCF) has announced a non-brokered private placement for the sale of up to 13,333,333 units at C$0.075 each for aggregate gross proceeds of C$1M. Red Cloud Securities Inc. will be acting as a finder in connection with the offering.
Each unit will consist of one share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional share in at an exercise price of C$0.12 per warrant share for a period of three years following the issue date of the unit.
Subject to compliance, the units will be offered for sale to purchasers’ resident in Canada other than Quebec and in certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The units may also be sold in certain other jurisdictions pursuant to applicable securities laws.
Directors, officers, and employees of Blue Sky may participate in a portion of the offering and any securities issued are subject to the TS Venture Exchange’s four-month hold period. A commission may be paid to arm’s length finders on a portion of the offering. The company intends to use the proceeds of the offering for exploration programmes on the company’s projects in Argentina and for general working capital.
For further information, please visit: www.blueskyuranium.com
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