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TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, Sept. 5,
2024 /CNW/ - Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the
"Company") is pleased to announce that it has closed
the fully-subscribed private placement announced on August 14, 2024 and amended on August 28, 2024 through the issuance of 21
Million units of the Company (each, a "Unit") at a price of
$0.05 per Unit for aggregate gross
proceeds of $1,050,000 (the
"Offering").
Each Unit consists of one common share and one transferrable
common share purchase warrant (a "Warrant"). Each Warrant
will entitle the holder thereof to purchase one additional common
share in the capital of the Company at $0.05 per share for four (4) years from the date
of issue.
Finder's fees of $47,202.40 are
payable in cash on a portion of the Offering to parties at arm's
length to the Company (the "Finders"). In addition, the
Company is also issuing 944,048 non-transferable finder's warrants
(the "Finder's Warrants") to the Finders. Each
Finder's Warrant entitles the holder thereof to purchase one common
share at a price of $0.05 per share
for four (4) years from the date of issue, expiring on September 5, 2028.
There is an offering document relating to the Offering that has
been amended change in pricing of the Offering, which can be
accessed under the Company's profile at www.sedarplus.ca and on the
Company's website at www.blueskyuranium.com. Prospective investors
should read this offering document before making an investment
decision.
Certain insiders of the Company have participated in the Private
Placement for $20,000 in Units. Such
participation represents a related-party transaction under
Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions ("MI 61-101"), but the
transaction is exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101 as neither the fair
market value of the subject matter of the transaction, nor the
consideration paid, exceed 25% of the Company's market
capitalization.
The Company intends to use the proceeds of the Offering for
exploration programs including the recently acquired in-situ
recovery uranium projects in Argentina and for general working capital.
The Offering is subject to regulatory approval, including the
approval of the TSX Venture Exchange.
The securities described herein have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "1933 Act") or any state securities laws, and
accordingly, may not be offered or sold within the United States except in compliance with
the registration requirements of the 1933 Act and applicable state
securities requirements or pursuant to exemptions therefrom. This
press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
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.
SOURCE Blue Sky Uranium Corp.