Blue Sky Uranium Announces Non-Brokered Private Placement
BC / CNW / May 27, 2019 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE:
MAL2; OTC: BKUCF), ("Blue Sky" or the "Company")
is pleased to announce a
non-brokered private placement financing of up 9,300,000 units at a
price of $0.15 per unit for gross proceeds of $1,395,000.
unit will consist of one common share and one transferrable common
share purchase warrant (the “Units”). Each warrant will entitle
the holder thereof to purchase one additional common share in the
capital of the Company at $0.25 per share for three (3) years from
the date of issue. If the
volume weighted average price for the Company's shares is $0.50 or
greater for a period of 5 consecutive trading days, then
the Company may deliver a notice (the "Notice") to the
warrantholder that the Warrants must be exercised within twenty (20)
days from the date of delivery of such Notice, otherwise the Warrants
will expire at 4:30 p.m. (Vancouver time) on the twenty-first (21
day after the date of delivery of the Notice. The accelerated
exercise shall not apply until the expiration of the four-month hold
period required under Exchange policies and rules, and securities
laws that are applicable to the Company.
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
Blue Sky Uranium Corp.
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 surficial uranium deposits into
low-cost producers. Blue Sky has the exclusive right to properties 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. The
Company is a member of the Grosso Group, a resource management group
that has pioneered exploration in Argentina since 1993.
BEHALF OF THE BOARD
Nikolaos Cacos, President, CEO and Director
further information please contact:
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.