- Blue Sky Uranium Corp. (BSK) has announced a non-brokered private placement for gross proceeds of $1,000,000
- The company will issue up to 10,000,000 units at $0.10 per unit
- The proceeds will be used to fund exploration programs on the company’s projects in Argentina and general working capital
- Blue Sky Uranium Corp is a Canadian-based mineral exploration company
- Blue Sky Uranium Corp. (BSK) opened trading at C$0.11 per share
Blue Sky Uranium Corp. (BSK) has announced a non-brokered private placement for gross proceeds of $1,000,000.
The company will issue up to 10,000,000 units at $0.10 per unit. Each unit will consist of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for two years from the date of issue.
President & CEO Nikolaos Cacos commented on the importance of the capital raise.
“As more permits to conduct exploration work are being granted for the undrilled Cateo Cuatro and Ivana East targets, we want to be sufficiently funded to continue our exploration program in the Ivana area of the Amarillo Grande Project. These targets represent some of the most prospective areas for discovering additional uranium resources to add to our already significant Ivana deposit.”
All securities issued will be subject to a statutory four-month hold period.
Directors, officers and employees of the company may participate in a portion of the financing.
The proceeds will be used to fund exploration programs on the company’s projects in Argentina and general working capital.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The company’s flagship Amarillo Grande Project has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier.
Blue Sky Uranium Corp. (BSK) opened trading at C$0.11 per share.