/NOT FOR DISTRIBUTION TO UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
VANCOUVER, BC, Aug. 14,
2024 /CNW/ - Blue Sky Uranium Corp. (TSXV:
BSK) (FSE: MAL2), ("Blue Sky" or the
"Company") announces a non-brokered private placement for
the sale of: (i) a minimum of 20,000,000 units of the Company
(each, a "Unit") at a price of $0.045 per Unit (the "Offering Price") for
aggregate gross proceeds of $900,000;
and (ii) a maximum of 21,000,000 Units at the Offering Price for
aggregate gross proceeds of $945,000
(the "Offering"). Red Cloud Securities Inc. will be acting
as a finder in connection with the Offering.
Each Unit will consist of one common share in the capital of the
Company (each, a "Common Share") and one transferrable
Common Share purchase warrant (each, a "Warrant"). Each
Warrant will entitle the holder thereof to purchase one additional
Common Share (each, a "Warrant Share") at an exercise price
of $0.06 per Warrant Share for a
period of four (4) years following the issue date of the Unit.
"The finalization of the definitive agreement with
Corredor Americano S.A. (COAM), a
Corporacion America Group company, will ensure that the Ivana
Deposit is funded through to production with a free carry for Blue
Sky. The proposed transaction with COAM would catapult Blue Sky
Uranium on to a clear path through production with one of the most
prominent groups in Argentina," stated Nikolaos Cacos, President and CEO.
"The proceeds of this financing will allow the Company to
continue exploration on further known targets outside of this
partnership, including the recently acquired in-situ recovery
uranium projects and for working capital," added
Cacos.
Please contact Shawn
Perger at 1-604-687-1828 or Toll-Free:
1-800-901-0058
Email: info@blueskyuranium.com
Subject to compliance with applicable regulatory requirements
and in accordance with National Instrument 45-106 – Prospectus
Exemptions ("NI 45-106"), the Units will be offered for
sale to purchasers resident in Canada other than Quebec and in certain offshore jurisdictions
pursuant to the listed issuer financing exemption under Part 5A of
NI 45-106 (the "Listed Issuer Financing Exemption"). The
Units may also be sold in certain other jurisdictions pursuant to
applicable securities laws. The Common Shares issuable from the
sale of Units sold under the Listed Issuer Financing Exemption are
expected to be immediately freely tradeable under applicable
Canadian securities legislation if sold to purchasers resident in
Canada, subject to any hold period
imposed by the TSX Venture Exchange (the "Exchange") on the
securities issued to certain purchasers. There is an offering
document relating to the Offering that 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.
Closing of the Offering is subject to certain conditions
including, but not limited to, the receipt of all necessary
approvals, including but not limited to, the approval of the
Exchange. Directors, officers and employees of the Company may
participate in a portion of the Offering and any securities issued
to such directors and officers are subject to the Exchange's
four-month hold period. A commission may be paid to arm's length
finders on a portion of the Offering. 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 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 closing of the Offering, the participation by
insiders in the Offering, finder's fees, and the use of proceeds;
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 not guarantees of future performance and accordingly
undue reliance should not be put on such statements due to the
inherent uncertainty therein.
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. Any
forward-looking statement speaks only as of the date on which it is
made and 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.
