Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF) is pleased to announce it has closed the first tranche of the non-brokered private placement announced on June 8, 2023 through the issuance of 14,155,635 units at a subscription price of $0.075 per unit for aggregate gross proceeds to the Company of $1,061,672.63.

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 $0.12 per share for three years from the date of issue, expiring on June 19, 2026.

Finder’s fees of $44,573.91 are payable in cash on a portion of the private placement to parties at arm’s length to the Company.  In addition, 594,318 non-transferable finder’s warrants are being issued. Each Finder’s Warrant entitles a finder to purchase one common share at a price of $0.12 per share for three years from the date of issue, expiring on June 19, 2026.

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, including the approval of the TSX Venture Exchange.

 

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.