Blue Sky Uranium Announces $720,000 Non-Brokered Financing
(via Thenewswire.ca)
Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL, WKN: A0MKXP, "Blue Sky" or the "Company") is pleased to announce a non-brokered private placement financing of 4,000,000 units at a price of $0.18 per unit for gross proceeds of $720,000.
Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.25 per share for eighteen (18) months from the date of issue.
This 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 from this financing will be used for further exploration and development of the Company's property portfolio in Argentina and for general working capital.
About Blue Sky Uranium Corp.
Blue Sky is a member of the Grosso Group, a resource management group with over 18 years of exploration experience in South America. Blue Sky, through its membership with the Grosso Group, signed an agreement in principle for a strategic alliance with the Government of Rio Negro, Argentina, for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. The Company is dedicated to actively exploring the Patagonia region of Argentina. Experienced management and technical members, foster relationships with significant international industry contacts, lead the exploration team on the search for quality resource opportunities.
ON BEHALF OF THE BOARD
"Sean Hurd"
__________________________
Mr. Sean Hurd, President & CEO
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com
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.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
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.
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