Blue Sky Uranium Closes Final Tranche of Private Placement
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Blue Sky Uranium Closes Final Tranche of Private Placement

byKatie Gordon, Associate Editor - The Assay
2 years ago
Reading Time: 1 min read

Blue Sky Uranium Corp. (TSXV: BSK | FSE: MAL2 | OTC: BKUCF) has closed the 2nd and final tranche of the non-brokered private placement financing announced on 26 September 2023 and increased on 4 October 2023, consisting of 7,133,333 units this tranche at a price of C$0.075 per unit for gross proceeds of C$535,000. In total, the company issued 20,466,666 units for total gross proceeds of C$1,535,000.

Each unit consists of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at C$0.12 per share for three years from the date of issue.

In this tranche, finders’ fees of C$32,371.50 were paid in cash on a portion of the private placement to parties at arm’s length to the company. In addition, 431,620 non-transferable finder’s warrants were issued. Each finder’s warrant entitles a finder to purchase one common share at a price of C$0.075 per share for three years from the date of issue, expiring on October 13, 2026. In total, cash finders’ fees of C$97,293 were paid and 1,297,240 finders’ warrants were issued for the offering.

To read more about this, please visit www.bleuskyuranium.com

To read more news like this, please visit www.theassay.com/news

Tags: ExplorationFinanceTSXV:BSK
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Katie Gordon, Associate Editor - The Assay

Katie Gordon, Associate Editor - The Assay

Katie Gordon is The Assay’s Associate Editor, covering mining company news, market developments, and industry wide issues for Theassay.com. After moving to Hong Kong from the UK in 2019, she wrote content for various sectors and is now building on her experience by focusing on the mining industry. Katie holds a First Class Honours degree in Politics from Swansea University.

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