- Blue Sky (BSK) has closed the first tranche of its non-brokered private placement for gross proceeds of $1,678,000
- The company issued 16,780,000 units at $0.10 per unit
- It will use the proceeds for exploration programs in Argentina and for general working capital
- Blue Sky is a junior mineral exploration company based in Canada focused on uranium exploration projects in southern Argentina
- Blue Sky Uranium (BSK) is down 4.76 per cent, trading at $0.10 per share
Blue Sky (BSK) has closed the first tranche of its non-brokered private placement.
The company issued 16,780,000 units at $0.10 per unit for gross proceeds of $1,678,000.
Each unit consists of one common share and one transferrable common share purchase warrant.
Each warrant entitles the holder to purchase one additional common share at $0.20 per share for two years from the date of issue.
Blue Sky has paid finder’s fees consisting of $61,530 in cash and 615,300 non-transferable finder’s warrants. Each finder’s warrant entitles a finder to purchase one common share at $0.20 per share for two years from the date of issue.
The company will use the proceeds for exploration programs in Argentina and for general working capital.
All securities issued under the offering are subject to a statutory four-month hold period, expiring on April 2, 2023.
Blue Sky is a junior mineral exploration company based in Canada focused on uranium exploration projects in southern Argentina.
Blue Sky Uranium (BSK) is down 4.76 per cent, trading at $0.10 per share at 12:45 pm ET.