TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
/NOT FOR DISTRIBUTION TO THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES./
VANCOUVER, BC, Oct. 13,
2023 /CNW/ - Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the
"Company") is pleased to announce it has closed the
2nd and final tranche of the non-brokered private
placement financing announced on September
26, 2023 and increased on October 4,
2023, consisting of 7,133,333 units (each, a "Unit")
in this tranche at a price of $0.075
per Unit for gross proceeds of $535,000. In total, the Company issued 20,466,666
Units for total gross proceeds of $1,535,000 (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 $0.12 per share for three (3) years from the date
of issue.
In this tranche, finders' fees of $32,371.50 were paid in cash on a portion of the
private placement to parties at arm's length to the Company. In
addition, 431,620 non-transferable finder's warrants were issued
(the "Finder's Warrant"). Each Finder's Warrant
entitles a finder to purchase one common share at a price of
$0.075 per share for three years from
the date of issue, expiring on October 13,
2026. In total, cash finders' fees of $97,293 were paid and 1,297,240 Finders' Warrants
were issued for the Offering.
There is an offering document relating to the Offering that has
been amended to reflect the increase in size 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.
The Company intends to use the proceeds of the Offering for
exploration programs on the Company's 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.
This news release may contain forward-looking statements.
Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
All statements, other than statements of historical fact, that
address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including,
without limitation, statements about the receipt of regulatory
approval for the Offering, the Company's plans for the closing of
the Offering, finder's fees on the Offering, the use of the
proceeds from the Offering, the Company's plans for its mineral
properties; the Company's business strategy, plans and outlooks;
the future financial or operating performance of the Company; and
future exploration and operating plans are forward-looking
statements.
Forward-looking statements are subject to a number of risks
and uncertainties that may cause the actual results of the Company
to differ materially from those discussed in the forward-looking
statements and, even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company.
Factors that could cause actual results or events to differ
materially from current expectations include, among other things:
the impact of COVID-19; risks and uncertainties related to the
ability to obtain necessary approvals, including Exchange approval
for the closing of the Offering, the ability to obtain, amend, or
maintain licenses, permits, or surface rights; risks associated
with technical difficulties in connection with mining activities;
and the possibility that future exploration, development or mining
results will not be consistent with the Company's
expectations. 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, unless required
pursuant to applicable laws.
SOURCE Blue Sky Uranium Corp.