TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
/NOT FOR DISTRIBUTION TO THE UNITED STATES/
VANCOUVER, BC, June 22,
2022 /CNW/ - Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2) (OTC: BKUCF) ("Blue Sky" or the
"Company") is pleased to announce it has closed the
3rd and final tranche of the non-brokered private
placement financing announced on May 24,
2022 and increased on June 8,
2022, consisting of 2,261,000 units in this tranche at a
price of $0.15 per unit for gross
proceeds of $339,150. In total the
Company issued 14,000,000 units for total gross proceeds of
$2,100,000.
"We are very pleased to close this expanded financing,"
stated Nikolaos Cacos, President and
CEO. "Of particular note, the participation of a significant
number of institutional investors in the private placement is
testament to the quality and potential of the Amarillo Grande
Uranium/Vanadium Project."
Each unit consists of one common share and one transferrable
common share purchase warrant (the "Warrant"). 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 years from the date of
issue, expiring on June 22, 2025, in
this 3rd and final tranche.
In this tranche, finder's fees of $20,275.50 are payable in cash on a portion of
the private placement to parties at arm's length to the
Company. In addition, 135,170 non-transferable finder's
warrants are being issued (the "Finder's Warrant").
Each Finder's Warrant entitles a finder to purchase one common
share at a price of $0.25 per share
for three years from the date of issue, expiring on June 22, 2025. In total, cash finder's fees
of $91,105 were paid and 607,367
Finder's Warrants were issued.
No insiders of the Company participated in this tranche of the
Private Placement. In total, insiders participated for $10,000 in this private placement.
The proceeds of the financing will be used for exploration
programs on the Company's projects in Argentina and for general working capital.
This financing is subject to regulatory approval and all
securities to be issued pursuant to this tranche of the financing
are subject to a four-month hold period expiring on October 22, 2022.
About Blue Sky Uranium Corp.
Blue 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, while respecting the environment, the communities, and
the cultures in all the areas in which we work. 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.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO
and Director
Neither 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.
The securities being offered have not been, nor will they be
registered under the United States Securities Act of 1933, as
amended, or state securities laws and may not be offered or sold
within the United States or to, or
for the account or benefit of, U.S. persons absent U.S. federal and
state registration or an applicable exemption from the U.S.
registration requirements. This release does not constitute an
offer for sale of securities in the
United States.
SOURCE Blue Sky Uranium Corp.